Islamic State militants have made more than $500 million trading oil with significant volumes sold to the government of Syrian President Bashar al-Assad and some finding its way to Turkey, a senior U.S. Treasury official said on Thursday.
Russia has increased checks on food and agriculture imports from Turkey, the agriculture ministry said on Thursday, in the first public move to curb trade in a dispute with Ankara for downing a Russian fighter jet.
Turkish fighter jets shot down a Russian warplane near the Syrian border on Tuesday after repeated warnings over air space violations, but Moscow said it could prove the jet had not left Syrian air space.
Turkey's Islamist-rooted AK Party swept to an unexpected victory in elections on Sunday, returning the country to single-party rule in an outcome that will boost the power of President Tayyip Erdogan but may sharpen deep social divisions.
