U.S threatens to levy more sanctions on Turkey

The U.S has threatened to levy more sanctions on Turkey if Ankara does not release an American Christian evangelical pastor held on terrorism charges.

Treasury Secretary, Steven Mnuchin suggested during a cabinet meeting that the next spiral of tit-for-tat sanctions was coming soon, deepening a spat that has rattled financial markets, if Andrew Brunson is not released by Turkey.

The threat comes as Turkey sought to reassure investors rattled by the sanctions-fueled crash of the Turkish lira, insisting the country would emerge stronger.

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