Turkey's Deputy Prime Minister Ali Babacan said Wednesday he doubts whether recent sanctions will resolve the international standoff over Iran's nuclear program, though noted "hesitation" among Turkish banks in doing business with the country.
Turkey
's Deputy Prime Minister
Ali Babacan said Wednesday he doubts whether recent sanctions will resolve the
international standoff over
Iran
's nuclear program,
though noted "hesitation" among Turkish banks in doing business with
the country.
Babacan said
Turkey
will continue to work
to achieve a diplomatic solution, expressing concern to regional stability if
the
U.S.
And
Europe
continue to increase
pressure on
Tehran
.
"The more pressure, the more it may be difficult for them to move,"
he told reporters during a briefing.
Arguing that
Turkey
isn't bound by
unilateral sanctions the
U.S.
and E.U. have imposed,
he said the government is letting local banks decide on how to deal with them. He
said some banks are starting to hesitate in their
Iran
dealings.
Stuart Levey, undersecretary of the Treasury for terrorism and financial
intelligence, is in
Turkey
this week to discuss
the
Iran
sanctions.
Babacan, who is heading to
South Korea
later Wednesday for a
meeting of Group of 20 finance ministers and central bankers, said he hopes for
cooperation to resolve growing tensions over currencies.
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