Minister says US sanctions on Iran hit Turkey worst
Turkey’s Minister for Trade Ruhsar Pekcan says her country has been the worst hit by a series of American sanctions imposed on Iran.
According to Press TV, Pekcan told a gathering of Iranian businessmen and government officials in Ankara that Turkey has lost more in trade revenues than any other country since Washington imposed its sanctions on Iran in November.
"Turkey has been the most affected by the sanctions imposed on the Islamic Republic of Iran,” said Pekcan, according to comments covered on the website of the Turkish newspaper Sabah and a similar report by IRNA.
The minister said, however, that Ankara would continue to seek to expand its trade ties with Tehran despite the American pressures.
Turkey and Iran had been eyeing a major jump in bilateral trade before the sanctions started as a target of 30-billion in exchanges had been set in various documents signed by top officials of the neighboring countries.
Sanction has affected the trade, however, with current exchanges estimated to be around $12 billion. The hit of the bans has been mostly felt in Turkey’s import of energy and petrochemicals from Iran.