White House Calls On Turkey to Release American Pastor Andrew Brunson

White House Calls On Turkey to Release American Pastor Andrew Brunson

White House Calls On Turkey to Release American Pastor Andrew Brunson

One of Turkey's high criminal courts has rejected USA pastor Andrew Brunson's request to be released from house arrest and permitted to travel overseas, according to Turkey's state-run Anadolou news agency.

Local Turkish social media has been awash this week with footage of people smashing their iPhones in protest of US President Donald Trump and his recent sanctions on Turkey.

The Turkish lira weakened to 5.86 against the dollar on Friday from its previous close of 5.8150 as investors weighed up a United States warning that Turkey should expect more economic sanctions unless it hands over detained American pastor Andrew Brunson.

President Trump says American Pastor Andrew Brunson is being held on a "phony charge" and should have been returned to the U.S.

Speaking as he left the White House on Friday, Trump told reporters on the South Lawn: "They have a wonderful Christian pastor".

Turkey could be at a risk of a major default, as it is sitting on very high foreign currency debt, said Russell Napier, Independent Investment Strategist & Co-Founder of ERIC.

"We're going to continue to apply the pressure until you do", Brownback said.

Last week, Trump announced on Twitter that he had green-lit a doubling of steel and aluminum tariffs on Turkey, and warned that U.S. relations with Turkey "are not good at this time!"

Whatever action the United States does take, economists said it looked likely to cause more pain for Turkish assets in the immediate future.

The way the American administration has presented the Brunson case to the American public is that a good man of religion has been put on trial in Turkey for his religious activities to spread Christianity - this is an absolute lie.

He says the USA will pay nothing for his return, because he is innocent and indicated the pressure on Turkey will continue. On Tuesday, he said Turkey would boycott USA electronic products.

The row with Washington has helped drive the lira to record lows, with the currency losing more than 40 per cent of its value against the dollar this year, prompting central bank liquidity moves to support it. Erdogan has cast the tariffs, and the sell-off in the lira, as an "economic war" against Turkey.

The unnamed source added that they had agreed that their finance ministers - Berat Albayrak and Bruno Le Maire - would meet "as soon as possible", and that Mr Macron had told Mr Erdogan that Turkey's economic stability was "important" for France.

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