Mnuchin: Trump has authorized sanctions on Turkey but hasn't activated them

Author: Adam Button | Category: News

Mnuchin press conference

Mnuchin says President Trump has authorized significant authorities for new sanctions, but the US is not activating those sanctions yet.

He said financial institutions are 'on notice' that there could be sanctions later on Turkey.

"We can shut down the Turkish economy if we want to," he said. "This is a way of making sure we protect the humanitarian issues, and the people on the ground."

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