Economy of Iran

US sanctions counter-productive and would harm relations, Turkish official says

US sanctions on Turkey over its purchase of Russian S-400 missile defense systems would backfire and hurt ties between the two NATO members, a senior Turkish official said on Thursday.

"Sanctions would not achieve a result but be counter-productive. They would harm relations," the official said after four sources said Washington was poised to impose sanctions.

Halkbank to appear in US court in sanctions case

Turkish state lender Halkbank will be arraigned in a U.S. court next week to face a federal indictment for alleged evading Iran sanctions.

The bank was represented by the law firm of King & Spalding at a hearing on Feb. 25 and attorneys said it agreed to appear at the proceedings.

Halkbank was charged in October with attempts to evade U.S. sanctions on Iran.

US court grants Halkbank reprieve in sanctions case

A U.S. appeals court in Manhattan granted Turkish state lender Halkbank a temporary pause in its Iran sanctions evasion case.

The temporary stay in the case was granted on Feb. 3 to allow for the bank's requests to be heard by a three-judge panel.
The court said it would take up Halkbank's requests on an expedited basis.

US will not lift sanctions to negotiate with Iran: Trump

The United States will not lift sanctions on Iran in order to negotiate, U.S. President Donald Trump tweeted late on Jan. 25, seemingly in response to a Der Spiegel interview with Iran's foreign minister.

"Iranian Foreign Minister says Iran wants to negotiate with The United States, but wants sanctions removed. No Thanks!" Trump tweeted in English on Jan. 25 and later in Farsi. 

US Imposes new Sanctions on Iran

The United States has imposed new sanctions on Iran today, Reuters quoted as referring to the US Treasury Department's website.

The subject of the new sanctions are two individuals and six international companies, including four companies that work with the National Iranian Oil Company.

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