Russian FM accuses USA of attempts to impede Astana process for Syria

17 August, 2018, 13:17 | Author: Billie Castillo
  • Turkey Russia come closer amid common tension with US

The U.S. dollar's role as a global currency is in decline and Russia has been exploring for some time using national currencies to settle bilateral trade deals with Turkey and other countries, Russian Foreign Minister Sergei Lavrov said.

These four countries are also known to have been opposing the sanctions of the USA on Iran.

"The use of national currencies for mutual trade has for several years been one of the tasks that the presidents of Russian Federation and Turkey had set", said Lavrov.

"I have already said this about sanctions: they are illegal, they undermine all principles of global trade and principles approved by United Nations decisions, under which unilateral measures of economic duress are unlawful", said the foreign minister. "It seems to me that it can not continue for a long time", said the Russian diplomat.

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Foreign Minister Mevlüt Çavuşoğlu has said talks with the European Union over visa-free travel for Turkish nationals will be accelerated in the coming period, in a sign of improvement in Ankara-Brussels dialogue amid the former's economic difficulties. "They must drop their threats, otherwise there can be no progress in relations between the United States and Turkey", Cavusoglu stressed.

The lira tumbled to a historical low on Friday after U.S. President Donald Trump authorized a 20 and 50 percent tariff hike on imported Turkish aluminum and steel, respectively.

Turkey's national currency lira has lost nearly 20 percent of its value against USA dollars since Friday, amid ongoing strain between Turkey and the US over detention of American pastor Andrew Brunson.



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