Shield and Alert: Turkey Bound

Sweden still needs Turkey and Hungary’s approval to join NATOF

Washington on Wednesday urged Turkey and Hungary to quickly ratify Sweden's NATO membership bid, which has been blocked for months due to a series of disputes with the two nations. "We look forward to soon welcoming Sweden as the 32nd (member of NATO). And to be...

US Supreme Court rejects claim of sovereign immunity by Turkish bank HalkbankF

The US Supreme Court rejected Wednesday the claim of sovereign immunity by a Turkish bank accused of violating Iran sanctions, in a case that has added tensions to ties between Washington and Ankara. Halkbank was hit with US criminal charges in 2019 that it took part...

Turkey arrests founder of cryptocurrency exchange ThodexF

Thodex, suspected of having fled Turkey with the assets of his clients, arrived in Istanbul on Thursday after his extradition from Albania and was immediately taken into custody, officials said. Fugitive businessman Faruk Fatih Ozer is suspected of having fled Turkey...

Turkish banks abandon use of Russia’s card payment system MirF

By Fulya Ozerkan: Turkey's booming wartime trade with Moscow took a giant step back on Wednesday with confirmation that the last three banks still processing Russian card payments were pulling out under pressure from Washington. The decision follows weeks of...

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