News ID: 205343
Published: 0352 GMT December 01, 2017

Erdogan: US sanctions on Iran weren't binding for Turkey

Erdogan: US sanctions on Iran weren't binding for Turkey
Recep Tayyip Erdogan

Turkey’s President Recep Tayyip Erdogan argued that his country did not break a trade embargo on Iran as it hadn’t committed to abide by US sanctions, and there were no United Nations restrictions in place, the Hurriyet newspaper reported on Friday.

The comments at a Thursday meeting of Turkey’s ruling party. The Islamic Republic was released from curbs imposed over its nuclear program in January 2016, when a multi-lateral accord struck the year before was implemented, Bloomberg reported.

“We have not broken an embargo,” the president was cited by Hurriyet as saying. “The world does not consist of the US alone.”

Turkiye Halk Bankasi AS and other Turkish banks denied any role in helping Iran evade US sanctions after they were named at the trial on charges including money laundering and funneling Iranian funds through the US financial system.

Cemil Ertem, another leading adviser to Erdogan, on Friday defended the integrity of Turkey’s banks in an article also published by Daily Sabah.

“This banking system will not be frustrated by kitschy threats,” said Ertem. “Moreover, those who want to harm such an open and stable system will harm themselves more than Turkey.”

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