Turkey, Iran eye closer financial transfers
None
Turkey and Iran said on Thursday they want to increase financial transfers between the two countries and double bilateral trade by 2015, a move likely to trouble Western powers trying to squeeze Tehran with sanctions over its nuclear program.
Washington, which has approved a fresh set of sanctions targeting financial institutions that deal with Iran's central bank to stem the flow of oil revenues, has warned regional ally Turkey that banks which do business with Iranian entities run the risk of being frozen out of the US financial system. (Reuters)
