Top US Treasury official to warn UAE, Turkey over sanctions evasion

The US Treasury Department's top sanctions official on a trip to Turkey and the Middle East next week will warn countries and businesses that they could lose US market access if they do business with entities subject to US curbs as Washington cracks down on Russian attempts to evade sanctions imposed over its war in Ukraine.

Brian Nelson, undersecretary for terrorism and financial intelligence, will travel to Oman, the United Arab Emirates and Turkey from January 29 to February 3 and meet with government officials as well as businesses and financial institutions to reiterate that Washington will continue to aggressively enforce its sanctions, a Treasury spokesperson told Reuters.

"Individuals and institutions operating in permissive jurisdictions risk potentially losing access to US markets on account of doing business with sanctioned entities or not conducting...

Continue reading on: