Economics
Congress Pushes Forward On Turkey Sanctions Despite Ceasefire
- Graham-Van Hollen sanctions bill includes sovereign debt
- Measure seeks to punish Turkey for invasion of northern Syria
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Republican and Democratic lawmakers vowed to move ahead with sanctions on Turkey despite the announcement by Vice President Mike Pence that Turkish President Recep Tayyip Erdogan agreed to temporarily halt hostilities in northern Syria.
South Carolina Republican Lindsey Graham and Maryland Democrat Chris Van Hollen said they welcomed the agreement but will continue urging their colleagues to sign on to the sanctions bill they introduced Thursday. That measure would sanction Turkish leaders, financial institutions and its energy sector, as well as prohibit any U.S. firms or individual from buying the country’s sovereign debt.