A deal to let Turkey's Halkbank off the hook?

from The Greek Current · host Hellenic Leaders

Recent reports, primarily in Bloomberg, indicate that Turkey anticipates a settlement to the Halkbank issue that would allow the bank - indicted in 2019 for conspiracy to evade US sanctions on Iran to the tune of tens of billions of dollars - to avoid a protracted legal fight and pay what it called a “manageable” fine. Thanos Davelis digs into this story with Jonathan Schanzer, the Executive Director of the Foundation for Defense of Democracies, as we look at the message such a settlement would send to others around the world about the seriousness of US sanctions.You can read the articles we discuss on our podcast here:Turkey Anticipates Manageable Fine to Settle Halkbank-US DisputePM: Greece ready to support diplomatic efforts for peace in GazaFormer PM Tsipras resigns as MP, pledges continued political activism

What this episode covers

Jonathan Schanzer joins Thanos Davelis as we look into the latest reports that Turkey anticipates a settlement to the Halkbank issue that would allow the bank to avoid a protracted legal fight and pay a “manageable” fine, while breaking down what a settlement would send to others around the world about the seriousness of US sanctions.