Turkey to promote closer trade ties with Iran

Turkey could emerge as a new safety net for Iranian business as the government insists that it will abide by United Nations sanctions, but not the more sweeping restrictions imposed on Tehran by the US and the European Union.

Mehmet Simsek, the finance minister, told the Financial Times that Turkey would not shy away from promoting closer trade links with Iran.

“We will fully implement UN resolutions, but when it comes to individual countries’ demands for extra sanctions we do not have to,” said Mr Simsek.