U.S. sanctions on Turkish bank: “They are not directed against the country's banking system as a whole,” says Tom Barack

United States Ambassador to Ankara, Tom Barack, clarified that recent sanctions against Golden Global Investment Bank and its subsidiaries are targeted measures and do not represent a broad attack on Turkey’s banking system. Washington claims the bank facilitated millions of dollars in transactions for Iran’s Quds Force. While the U.S. frames this as part of its maximum pressure campaign against Tehran, the bank has denied the allegations and intends to challenge the sanctions, with Turkish authorities reportedly cooperating to ensure financial transparency.