United States says believes in visa crisis settlement between Ankara, Washington

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"We welcome the decision of the United States to resume as of today regular visa procedures, by lifting the restrictions applied to our citizens", the Turkish Embassy in the USA said in a statement.

Turkish stocks and country-specific ETF strengthened Thursday after the US and Turkey lifted all visa restrictions, ending months-long dispute over diplomatic duties.

The United States suspended visa activity in October after the arrest of Metin Topuz, a longtime consulate employee who was arrested for alleged ties to the Fetullah Terrorist Organization - the group behind last year's failed coup attempt in Turkey.

The U.S. Embassy in Ankara announced the full return of visa services in Turkey via its social media account earlier on the same day, ending the so-called visa crisis between the two countries.

In suspending visas, US officials cited "recent events" that "forced the United States government to reassess the commitment of the government of Turkey".

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"Within the framework of the principle of reciprocity, the restrictions placed from our side on the visa regime for United States citizens are being lifted simultaneously", it said in a statement.

We continue to have serious concerns about the existing allegations against arrested local employees of our Mission in Turkey.

"By lifting restrictions on USA visa applications for our citizens, we welcome the decision to return to the old plan as of today".

Turkey had also promised "that local staff of our embassy and consulates will not be detained or arrested for performing their official duties" and that it would inform the U.S. in advance if it intends to detain or arrest any local staff members, the USA embassy statement reads. The embassy stressed, however, that the Turkish government has given no assurances to Washington, refuting the USA embassy's earlier claim.

However, the Turkish Embassy in Washington rejected those assertions and said Ankara did not provide any assurance related to the ongoing judicial process in Turkey.