Turkish Finance Minister on Iran Sanctions

Turkish Finance Minister Mehmet Şimşek stated that Ankara is aware of the recent U.S. sanctions related to Iran. He noted that Iran constitutes a small part of Turkey's natural gas imports and that Turkey has invested in alternative sources and storage capacities to enhance its security. He clarified that the Turkish government fully complies with national regulations, especially after Washington imposed sanctions on an investment bank and two Turkish affiliates as part of pressures on Iran. He affirmed that Turkey continues to work towards stabilizing the exchange rate, despite the rising inflation.

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