US Slams Osman Kavala Life Sentence, Urges Turkey to Respect ECHR Rulings

LOCAL NEWS

• The U.S. slammed Turkey for sentencing a prominent businessman and philanthropist Osman Kavala to life in prison for allegedly attempting to topple the government following yesterday’s court ruling.
  • US said it was “deeply troubled and disappointed” by the court’s decision to convict Kavala and again called for his release in line with European Court of Human Rights rulings. “We urge the government to cease politically motivated prosecutions and to respect the rights and freedoms of all Turkish citizens.” - bbg
• FX-linked deposit costs reach TRY 19.7bn as of April 21, with 14.8bn of this amount paid until 8 April. Economist Aktas says Less burden will be placed on the Treasury and the Central Bank compared to the current trend. Because there is no longer the difference between the rate at the opening of the accounts and the rate at the end of the maturity date. – Dunya
• Erdogan said they will not tolerate exorbitant prices for goods in Turkey. “I hereby declare openly that we will not show the slightest tolerance and we will not feel the slightest pity against those who increase the prices of our nation’s basic necessities for no reason,” he said. - Hurriyet