Visit our new website: worldnews.easybranches.com

Turkey lira slumps to record lows over US sanctions in pastor case, Ankara vows to respond

  • Thu, 02 Aug 2018 11:09
Author: 
AFP
ID: 
1533154859995817000
Wed, 2018-08-01 20:03

ANKARA: The Turkish lira on Wednesday slumped to record lows of 5.0 against the dollar as the US hit Turkey’s justice and interior ministers with sanctions over the case of an American pastor on trial for terror-related charges.
The lira lost over 1.6 percent of its value against the dollar following Washington’s move in response to Turkey keeping Pastor Andrew Brunson under house arrest.
Before his move home last week, Brunson, who led a Protestant church in the Aegean city of Izmir, had spent nearly two years in jail.
After reports that the US would sanction individuals over the case, the lira hit a record low of 5.01 against the dollar, before rallying slightly to 4.9.
It then hit 5.0 again after the official announcement from the White House.
White House spokeswoman Sarah Sanders said that Brunson was a “victim of unfair and unjust attention by the government of Turkey” as she announced sanctions.
“At the president’s direction, the Department of the Treasury is sanctioning Turkey’s minister of justice and minister of interior, both of whom played leading roles in the arrest and detention of Pastor Brunson,” she told journalists.
The sanctions freeze any property or assets on US soil held by the two ministers, and bar US citizens from doing business with them.
US President Donald Trump and his Vice President Mike Pence had threatened Turkey with “large sanctions” last week if Brunson was not immediately released.
His lawyer’s appeal for his release was rejected this week.
Brunson faces up to 35 years in jail on charges of carrying out activities on behalf of two terror organizations — the group led by US-based Fethullah Gulen blamed for the July 2016 failed coup and the Kurdistan Workers’ Party (PKK).
The pastor denies the charges while US officials have publicly insisted that Brunson is innocent and should be freed.
Ankara said late on Wednesday night that Turkey would respond to Washington's "hostile" action to impose sanctions on its ministers. It also said that the sanctions would inflict "great damage" on efforts to restore Turkish-American relations.

Main category: 
Turkish court rejects US pastor’s appealTurkey will stand up to US in face of sanctions threat over American pastor -Erdogan Middle-East

Tags


US Weekly

Related Stories

Trump says he’s reducing Central American aid over migrants
  • Tue, 23 Oct 2018 01:58

Author: Associated PressID: 1540217683305493200Mon, 2018-10-22 (All day) WASHINGTON: President Donald Trump says the US will begin “cutti...

Japan firms fined $3.4 million over maglev bid-rigging
  • Mon, 22 Oct 2018 18:40

Author: AFPID: 1540197710234015800Mon, 2018-10-22 08:16 TOKYO: Two major construction companies were Monday ordered to pay fines totaling m...

Pastor talks of breakdown in Turkey, but also of forgiveness
  • Sun, 21 Oct 2018 13:52

Author: APID: 1540073714341268900Mon, 2018-10-22 01:14 VIRGINIA BEACH: The American pastor recently released after two years of confinement...

Case of slain Libyan rebel commander opens old wounds in oil producer
  • Wed, 17 Oct 2018 03:37

Author: ReutersID: 1539700236085715900Tue, 2018-10-16 13:11 BENGHAZI: Eastern Libyan authorities have resumed an investigation into the une...

Pakistan opposition takes prime minister to task over IMF deal
  • Tue, 16 Oct 2018 05:51

Tue, 2018-10-16 00:04 KARACHI, Pakistan: Questioning the government’s lack of perspicacity to avoid “painful economic decisions,” Pakistan’s ...

Brexit talks in crisis over Irish border ahead of crunch summit
  • Mon, 15 Oct 2018 11:28

Author: Dave Clark, and Cedric Simon | AFPID: 1539548033421687000Sun, 2018-10-14 19:24 BRUSSELS: Last-ditch talks between London and Brusse...

Jordan’s King Abdullah vows to crack down on corruption
  • Mon, 15 Oct 2018 05:05

Author: daniel fountainID: 1539533030790400600Sun, 2018-10-14 19:12AMMAN: Jordan’s King Abdullah II has opened the country’s third ordin...

Record number of native American women running in US midterms
  • Sun, 14 Oct 2018 15:08

Author: Javier TOVAR | AFPID: 1539486122598192400Sun, 2018-10-14 06:22 ALBUQUERQUE, US: No native American woman has ever served in the US ...

Trump thanks Turkey for Brunson’s release
  • Sun, 14 Oct 2018 08:39

Author: Sat, 2018-10-13 21:31 WASHINGTON, ISTANBUL: US President Donald Trump thanked Turkey on Saturday for freeing American pastor Andrew Bru...

US pastor Andrew Brunson freed in Turkey despite 3-year jail term
  • Sat, 13 Oct 2018 09:37

Fri, 2018-10-12 16:41 ANKARA: A Turkish court ruled on Friday that the American evangelical Christian pastor at the center of a row between Ankara an...

UK PM faces backlash over Brexit compromise
  • Sat, 13 Oct 2018 03:23

Author: Alice RITCHIE | AFPID: 1539358294746135000Fri, 2018-10-12 15:22 LONDON: Prime Minister Theresa May will not “trap” Britain in a...

Sunset over Piran by Cyril M
  • Thu, 11 Oct 2018 19:48

Sunset over Piran by Cyril M Sunset over Piran taken just one hour to shoot the moon crescent right on the same place. Nature is ...


الاقسام