OpenCalais Metadata: Ticker
A U.S. appeals court in Manhattan granted Turkish state lender Halkbank a temporary pause in its Iran sanctions evasion case.
The temporary stay in the case was granted on Feb. 3 to allow for the bank's requests to be heard by a three-judge panel.
The court said it would take up Halkbank's requests on an expedited basis.
On the eve of the latest legislation in the United States House of Representatives putting pressure on Turkey over its S-400 missile system purchase, Nicholas Danforth - a veteran Turkey analyst at the German Marshall Fund - posted a warning on Twitter that perfectly captured the dilemma in US-Turkey relations:
Turkey's Halkbank has become the third state bank to declare a low-interest rate campaign for citizens to pay off their credit card debts.
A former Halkbank executive, who has been serving out his sentence in a federal prison in the state of Pennsylvania, has asked a U.S. appeals court to drop the case against him, Turkey's state-run Anadolu Agency reported on Dec. 3.