Turkey takes note of US/Iran-related sanctions announcement, finance minister says
By Reuters
Turkey's Finance Minister Mehmet Simsek participates in a session at the IMF/World Bank 2026 Spring Meetings in Washington, D.C., U.S., April 17, 2026. REUTERS/Elizabeth Frantz/File Photo Purchase Licensing Rights
ANKARA, Sept 9 (Reuters) - Turkey has taken note of the recent announcements by the U.S. Treasury on doing business with Iran, Finance Minister Mehmet Simsek said, speaking to reporters on Wednesday.
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- Iran accounts for a relatively small component of Turkey's natural gas imports, we have invested very heavily in alternatives and storage, Simsek said.
- Our message to both the financial sector but also other actors in the economy is that all companies have to conduct their activities in full compliance with national regulations, Simsek said.
- Last week, the U.S. Treasury Department imposed sanctions on a small Turkish investment bank and two subsidiaries as part of the Trump administration's campaign to increase economic pressure on Iran.
- Returning to a free-float exchange rate is desirable but requires lower inflation, better anchored expectations and two-way traffic in FX, Simsek said.
- Turkey remains in a period of high inflation, Simsek said.
- Turkey's commitment to price stability remains very strong, Simsek said.
Reporting by Nevzat Devranoglu; Editing by Chris Reese
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