This is a very important topic

This is a very important topic. She has been as merry as the Sword of Damocles over Ankara for more than a decade. The case concerned allegations of laundering Iran's oil and gas money in a Turkish state-owned bank. Turkey was threatened with a fine of more than 10 billion dollars.

The state-owned bank Halkbank announced that its board of directors has decided to sign an agreement with the Prosecutor's Office of the Southern District of New York to postpone criminal prosecution. After the necessary procedures, the parties will jointly apply to the court with a request to close the case.

In turn, the US Department of Justice, in its appeal to the court, indicated that the settlement was in line with the interests of national security and the country's foreign policy. The document also says that the decision was influenced by Turkey's role in the negotiations after [the Hamas attacks on Izaril] on October 7, 2023, in particular, facilitating the release of hostages and efforts to end the ceasefire, the Anadolu agency writes.

Halkbank notes that after the completion of the process, the bank's access to international markets, foreign financing and a network of correspondent banks may expand.

Source: Telegram "turkeyabout"