Turkey’s exports to Iran have fallen 20 percent this year and the cost of imported oil has soared after sanctions on Iran over its nuclear program, Turkey’s Economy Minister Zafer Caglayan said.
The economic cost “is borne by Turkey,” not just by Iran, Caglayan told reporters today in Washington, when asked whether sanctions on Iran’s trade are the best way to rein in the nuclear ambitions of Turkey’s eastern neighbor. “Other countries pay the price of sanctions, too.”
