United States embargoes
The United States slapped sanctions on a Turkish businessman on Feb. 7 for violating US sanctions on Iran.
Japan has started the process of importing Iranian oil, which was suspended due to U.S. sanctions, the governor of Iran's central bank said on Jan. 21.
Turkey has been told it will receive a waiver on the U.S. sanctions against exports of Iranian oil, Treasury and Finance Minister Berat Albayrak said on Nov. 5, as Washington re-introduced the sanctions.
İYİ (Good) Party spokesperson Aytun Çıray has said Turkey should retaliate against the U.S. sanctions and "seize the assets of the U.S. president and secretaries."
Turkey's Halkbank is working closely with the United States Treasury, its chief executive Osman Arslan said on May 23, after one of the bank's executives was sentenced in the U.S. last week for aiding a scheme to violate U.S. sanctions on Iran.
Tsvetan Vassilev's representative, Joseph Augustine, executive vice president at the Washington-based consultancy Jefferson Waterman International, JWI, has confirmed in an interview with the Bulgarian International Television that his company has notified the US State Department and Treasury about the ex-banker's case.