Turkey Expects Extension of Iran Sanctions Waiver, Minister Says

(Bloomberg) -- Turkey expects the U.S. to extend its sanctions waiver on importing Iranian oil, Trade Minister Ruhsar Pekcan said.

“We expect an extension of Turkey’s exemption” from sanctions, Pekcan said in an interview with NTV in Ankara. She was referring to the temporary waiver that allowed Turkey to continue buying Iranian oil for six months.

Read more: Iran Oil Waivers: How Buyers Are Lining Up After U.S. Exemptions

U.S. sanctions on Iran have “endangered the security and stability of the region,” President Recep Tayyip Erdogan said in Ankara on Dec. 20, speaking at a press conference with Iranian President Hassan Rouhani. The two nations are working to minimize the impact of sanctions on bilateral trade, he said.

Pekcan also expects a removal of additional tariffs the U.S. imposed on some Turkish products. “We’ve been receiving positive signals in our talks,” she said, without elaborating.

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