Turkey Anticipates Manageable Fine to Settle Halkbank-US Dispute

The Turkish government expects to resolve the ongoing dispute with the U.S. over sanctions-busting allegations against state-owned Halkbank with a manageable financial penalty, according to a person familiar with the matter. The dispute has been ongoing for several years, with the U.S. accusing Halkbank of violating sanctions against Iran. Turkey has consistently denied the allegations and has been engaged in negotiations with the U.S. administration to find a resolution. The person familiar with the matter indicated that the Turkish government anticipates reaching a settlement with the U.S. that would involve a fine that is considered manageable, suggesting a compromise may be reached to put an end to the contentious issue. However, the specific details of the potential settlement have not been disclosed. The resolution of this dispute could have significant implications for the economic and diplomatic relations between Turkey and the United States, as the allegations have been a source of tension between the two countries.