Senior Advisor Hakan Akbas spoke with Reuters about the potential consequences of Turkey's lack of compliance with U.S. and EU sanctions on Russia.

The United States and European Union "will be following compliance developments with Turkish banks, large groups that do business in Russia, and of course banks using Mir...We could see secondary sanctions from the EU this time toward Turkish individuals and companies... and the U.S. will continue to distance itself from Ankara before the upcoming existential elections," as was evident at the United Nations meetings this week in New York.

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