Latest update: 24/11/2012 

- Iran - Turkey


Turkey reveals Iranian gold-for-gas trade-off

Turkey reveals Iranian gold-for-gas trade-off

Ending months of speculation, Turkey's deputy prime minister has confirmed that the country is pursuing a gas-for-gold deal with Iran in order to circumvent sanctions imposed on the Islamic Republic.

By Hürriyet Daily News (text)
 

Turkish Deputy Prime Minister Ali Babacan has revealed a critical detail about a widely discussed Turkey-Iran gold trade boom, disclosing that the Islamic republic was transferring payments made for gas into Turkish gold.

Read more on Hürriyet Daily News.

 

Date created : 24/11/2012 
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