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Watching The World: Turkey defies US sanctions

08/23/2010
By Eric Watkins
Turkey's Energy Minister Taner Yildiz, apparently in defiance of recently strengthened US sanctions against Iran, said his country will support Turkish firms that sell gasoline to the Islamic Republic."If the preference of the private sector is to sell these (petroleum) products to Iran, we will help them," Yildiz said in an interview with Reuters news service. "There is no demand for Turkey to halt the trade of these products with Iran," he said.Under the new US legislation, signed into law July 1 by President Barack Obama, penalties will be imposed on businesses that sell or provide refined petroleum products worth $1 million or more or $5 million or more over a 12-m...
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