Turkey’s Foreign Minister Mevlut Cavusoglu answers a question during an interview with Reuters in Ankara, Turkey, August 24, 2015. (Reuters)

October 25, 2018

Turkey has asked for exemptions from the US before reimposing sanctions on Iranian finance and energy sectors.

Turkey’s Foreign Minister Mevlut Cavusoglu emphasized he has conveyed his country’s demand to US Secretary of State Mike Pompeo.

Turkish expert groups have also explained to the US delegation early this week the reasons for this request , he said.

He added that Turkey’s Toprash company, also a buyer of Iranian oil, has sent a delegation to the United States to explain the reasons for the purchase of oil from Iran.
Cavusoglu noted that Turkey has told the US that its decisions are unilateral, and Washington’s credibility will be harmed as long as countries do not comply with it.

“Therefore, before taking steps on these issues, you have to carry out consultations with regional countries. You have to consult with the countries doing trade with Iran,” he stressed.In May, US President Donald Trump unilaterally withdrew Washington from the 2015 landmark nuclear deal between Iran and the P5+1 group of nations — the five permanent UN Security Council members plus Germany.

Trump began to reinstate US sanctions on Tehran in August, with sanctions targeting Iran’s oil sector set to retake effect on Nov. 4.

The United States was also considering offering waivers to some allies that rely on Iranian supplies.

On the other hand, Turkish President Recep Tayyip Erdogan will meet with the top executives of 90 German companies at the investment summit in Bestepe Presidential Complex in Ankara.

The executives are on an official two-day visit to Turkey, accompanying their country’s Economic Affairs and Energy Minister.

The President will invite German companies to invest in Turkey. Their meeting will focus on opportunities for cooperation between Turkey and Germany in third countries.

He will discuss opportunities to boost their investments in various sectors and fields in Turkey as well as briefing them on legal facilities offered by the Turkish government to foreign investors.

In this regard, German Ambassador to Ankara Martin Erdmann said Turkey holds great economic importance for Germany through bilateral trade and as a production base.

Two important meetings are planned as part of the visit, one of which is a Turkey-Germany Joint Economic and Trade Commission (JETCO) meeting that will be held for the first time.

The following day, an energy forum to be hosted by Turkish and German energy ministers will take place, according to Erdmann.

Asharq Al-Awsat

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Track PersiaTrack Persia is a Platform run by dedicated analysts who spend much of their time researching the Middle East, in due process we fall upon many indications of growing expansionary ambitions on the part of Iran in the MENA region and the wider Islamic world. These ambitions commonly increase tensions and undermine stability.