This article from CNN is about a barter system between Turkey and Iran; Turkey is trading gold for oil. This is a problem because the United States placed a ban purchasing goods from Iran in response to their nuclear projects and to their refusal to discontinue their nuclear activities. The ban however, only includes currency which is why Turkey has come up with the bartering method. This is becoming a problem however because it makes the ban less effective and gives the Iranians a new way to generate revenue. The fact that Iranians have turned to the barter method shows that Iran is suffering from the US sanctions.
Turkey is not actually breaking any international laws by using the oil for gold sanctions and therefore cannot be punished by their actions. They are however, defying the United States wishes and face the potential loss of the United States as both a political and a military ally.
Stories are circulating about the almost “James Bond” way in which the gold is being transported from Turkey to Iraq. Individuals are transporting the gold using 110 pound bags; the exact limit of how much gold can be taken out of Turkey. The shipments however could not have been due solely to an individual or group. Each bag containing the gold would have had to have been approved by the government in order to even leave the country.
Obviously the Iranian government has reached an economic hit from the sanctions and needs to find a way out; hence the gold for oil barter system. Given this, the United States needs to find a way to stop the bartering so that the sanctions can deliver the intended punishment for the Iranians. The complicated foreign diplomacy however is understandable. Hopefully the United States can negotiate a deal with the Turks that will benefit both countries and make the Turks reconsider their arrangement with the Iranians. (320)
Turkey is not actually breaking any international laws by using the oil for gold sanctions and therefore cannot be punished by their actions. They are however, defying the United States wishes and face the potential loss of the United States as both a political and a military ally.
Stories are circulating about the almost “James Bond” way in which the gold is being transported from Turkey to Iraq. Individuals are transporting the gold using 110 pound bags; the exact limit of how much gold can be taken out of Turkey. The shipments however could not have been due solely to an individual or group. Each bag containing the gold would have had to have been approved by the government in order to even leave the country.
Obviously the Iranian government has reached an economic hit from the sanctions and needs to find a way out; hence the gold for oil barter system. Given this, the United States needs to find a way to stop the bartering so that the sanctions can deliver the intended punishment for the Iranians. The complicated foreign diplomacy however is understandable. Hopefully the United States can negotiate a deal with the Turks that will benefit both countries and make the Turks reconsider their arrangement with the Iranians. (320)
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