No doubt about Turkey’s gold trade with Iran: US

No doubt about Turkey’s gold trade with Iran: US

 

The stricter US sanctions that prohibit governments or private firms selling gold to Iran will start on July 1, a US top official says, adding that they have ‘no doubts’ about Turkey’s gold trade with Iran

A top United States official has said that there is no question that there was gold going from Turkey to Iran, stressing that the U.S. would rigorously enforce “without fear or fail” sanctions starting on July 1 that ban governments or private companies from selling gold to Iran.

David Cohen, the Treasury Department’s undersecretary for terrorism and financial intelligence, told lawmakers in testimony there had been an increase in gold sales to Iran in response to the sharp depreciation in Iran’s currency, the rial.