Turkey Looks for Ways Around the U.S. Sanctions on Iran
Aug 29, 2018 | 09:00 GMT
(ADEM ALTAN/AFP/Getty Images)
- As it reinstates sanctions on Iran, the United States will try to close loopholes in the measures that Tehran has previously exploited to make it more difficult for other countries such as Turkey to continue trading with the Islamic republic.
- The currency and debt crises facing the Turkish economy will make banks and companies reluctant to risk defying the measures and incurring the associated costs.
- The Turkish administration's desire to challenge the United States on sanctions and tariffs won't outweigh these concerns for most firms and financial institutions.