Archive · 2 Oct 2025
Turkey Awaits Fine to Resolve Halkbank Dispute with US
Turkey is trying to settle a disagreement with the United States about a Turkish bank called Halkbank.
The US accuses Halkbank of helping Iran get around some rules.
Turkey's leader, Erdogan, spoke with US President Trump about this.
Turkey is hoping to pay a fine and end the legal case.
If the case goes to court, Halkbank might have to pay a lot more money.
The bank has argued they shouldn't be prosecuted.
One former Halkbank executive served time in a US prison.
A settlement would improve relations between the US and Turkey.
Turkey anticipates settling a long-running dispute with the US over sanctions allegations against Halkbank.
President Erdogan discussed the issue with President Trump.
Halkbank was indicted in 2019 for allegedly evading sanctions on Iran.
A settlement could prevent a drawn-out legal battle with heavy fines.
Halkbank's shares have risen since the Erdogan-Trump meeting amid settlement expectations.
- Who
- Turkey and the US, including Halkbank
- What
- Negotiating a settlement over Halkbank's alleged violation of US sanctions on Iran.
- When
- Discussions have been ongoing, with a recent meeting between Erdogan and Trump.
- Where
- The US
- Why
- To resolve a long-running dispute and avoid a legal battle that could result in heavy fines.
- Main Actors
- Turkey, US, Halkbank
- Subject
- Halkbank Sanctions Dispute
- Allegations
- Sanctions-busting to evade Iran sanctions
- Indictment Year
- 2019
- Potential Outcome
- Settlement with manageable fine