August 06, 2019 - Turkish President Recep Tayyip Erdogan said on Tuesday that the US sanctions on Iran are ineffective, stressing that they will not help restoration of peace and stability in the region.
The Turkish president made the remarks at the 11th Ambassadors' Conference in Turkey’s capital Ankara, according to Mehr News Agency.
The United States withdrew from the 2015 Iran nuclear agreement in 2018 and reimposed sanctions on Tehran as part of a “maximum pressure” campaign aimed at forcing Iran to renegotiate a new deal.
The US sanctions on Iran had negative impact on trade between regional countries.
Ankara has repeatedly criticized the US decision to fully re-impose sanctions on Iranian oil since Turkey has no reserves of its own and is dependent on oil and gas imports and the US move leaves Ankara vulnerable to a rise in energy prices.
The Iran nuclear accord, which was signed by the US, Britain, France, Germany, Russia and China, had offered Iran relief from global sanctions in exchange for limits on its nuclear program. US President Donald Trump withdrew his country from the deal and reimposed sanctions on Iran.
His administration has since launched a "maximum pressure campaign" aimed at slashing Iran's oil exports to zero, including by threatening to target any companies or countries that skirt US sanctions and forcing Tehran to open negotiations on a broader new deal.