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Sun · 01 Nov 2026

Turkey State Body Seizes Bank Sanctioned by US Over Iran Ties

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Turkey State Body Seizes Bank Sanctioned by US Over Iran Ties

🏦 ANKARA — Turkey just nationalized the bank Washington sanctioned for Iran. 📌 LOOK CLOSER: State takeover doesn't dissolve US sanctions — it absorbs the liability into Ankara's sovereign balance sheet. Erdoğan is signaling Turkey won't let Washington's Iran pressure reshape domestic finance. This fractures NATO sanctions coordination and hands Tehran a state-backed financial node inside the alliance.

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