Economics

U.S. Examining Turkey’s Trade Relations With Venezuela, Official Says

  • Treasury assistant secretary visits Friday, U.S official says
  • Turkey imported $900 million worth of Venezuelan gold in 2018
Photographer: Stefan Wermuth/Bloomberg
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The U.S. government is looking into the nature of Turkey’s trade with Venezuela and will take action if it finds that American sanctions are being violated, a senior U.S. official said.

The issue will probably be discussed when Marshall Billingslea, an assistant secretary at the U.S. Treasury with responsibility for combating terrorist financing, meets Turkish authorities in Ankara on Friday, the official said, asking not to be identified. The trip was supposed to be largely about Iran, but trade ties with Venezuela will likely come up as well, he said.