Tue Dec 11, 2012 6:4PM
Turkish Economy Minister Mehmet Zafer Caglayan (file photo)

Turkish Economy Minister Mehmet Zafer Caglayan (file photo)

Turkish Minister of Economy Mehmet Zafer Caglayan says Ankara will not implement new US sanctions against Iran on the basis that they are not adopted by the UN. Speaking to reporters on Monday, Caglayan said Turkey is only committed to international resolutions adopted at the UN Security Council, rather than unilateral ones. He also emphasized on the importance of Tehran-Ankara trade relation saying the US-led sanctions could harm Turkish exports worldwide. Caglayan added that Turkey's total trade value with Iran has hit around USD45 billion dollars so far this year. The Turkish official remarks come after the US Senate approved a new round of sanctions against Iran on November 30, which would prevent Iran from getting paid for its natural gas exports in gold bullion. The amendment should pass through the House of Representatives and should be signed by US President Barack Obama before turning into law. A senior US Senate aide said that the sanctions would end Turkey's sales of gold to Iran in payment for importing natural gas, referring to reports that Turkey has been paying for natural gas with gold due to the sanctions. The United States, Israel and some of their allies accuse Iran of pursuing non-civilian objectives in its nuclear energy program with Washington and the European Union using this false claim to impose illegal unilateral sanctions against the Islamic Republic. Iran refutes the allegation and argues that as a signatory to Non-Proliferation Treaty and a member of International Atomic Energy Agency, it is entitled to develop and acquire nuclear technology for peaceful purposes. PG/SS
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