Turkey as Sanctions Evasion Hub for Iran and Russia
Istanbul-based companies become hub for Russia's shadow fleet to smuggle oil. EU and Ukrainian intelligence monitoring. New Treasury sanctions target Iranian financier Babak Zanjani's 'Dot One' network with Turkish links, reinforcing the pattern of Turkey being used for sanctions evasion involving crypto and gold. Multiple federal enforcement actions highlight Turkey's role in sanctions busting.
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Updated Jul 26, 2026