US' Nuland Urges Turkey to Not Allow Russia to Evade Sanctions

LOCAL NEWS

• U.S. Undersecretary for Political Affairs Victoria Nuland has urged Turkey to be vigilant and not allow Russia to evade sanctions.
  • Nuland says even if Turkey can’t join sanctions, its territory should not be used to evade sanctions or to become “a pool for dirty oligarch money. – bbg
• Regulator says banks who do not convert 10% of their foreign currency reserves into FX-linked deposits by 15 April and 20% by July 8 will face penalties.
  • Failure to do so will result in 1.5% commission to the CBRT on an annual basis, while those that convert will see an exemption from the 25% required reserve ratio – Sozcu:
• Turkey’s Price Stability Committee plans to create new policies to secure agriculture, food and energy supply after yesterday’s meeting. Coordinated fight against “exorbitant” price increases will continue, ministry says - bbg