Turkey will respond if US imposes more sanctions: Minister Ruhsar Pekcan

  • Turkey will respond if US imposes more sanctions: Minister Ruhsar Pekcan

Turkey will respond if US imposes more sanctions: Minister Ruhsar Pekcan

Turkish Finance Minister Berat Albayrak and his French counterpart Bruno Le Maire on Friday discussed USA sanctions against Turkey and agreed to act together, the Turkish ministry said in a written statement.

Brunson, an evangelical preacher from North Carolina, is now under house arrest in Izmir.

Brunson has been held in Turkey since 2016, accused of helping plot a coup attempt against Turkish President Recep Tayyip Erdogan.

The Middle East Eye reported that Turkish diplomats are ready to comply - but want something in return. Investors, already anxious about Turkey's economy, were irked by a diplomatic and trade dispute with the United States over the continued detention of an American pastor Andrew Brunson on espionage and terror-related charges.

According to the Middle East Eye, officials in Ankara are willing to concede to USA demands for the freedom of Andrew Brunson, an evangelical preacher accused of playing a role in the attempted coup there in 2016. The sanctions were introduced against Turkish high-level officials, to which Ankara responded with retaliatory measures as it froze assets of American justice and interior ministers. "We haven't seen the last of that".

"We have more that we're planning to do if they don't release him quickly", Mnuchin said during a White House cabinet meeting on Thursday, according to pool reporters.

Fitch Ratings had earlier said the absence of an orthodox monetary policy response to the lira's fall, and the rhetoric of Turkish authorities, had "increased the difficulty of restoring economic stability and sustainability".

However, deep concerns remain about the potential for damage to the economy.

Washington has already placed a series of sanctions against Turkey, including last week's announcement of a doubling of tariffs on metal imports into the USA from Turkey. Erdogan has been criticized for not allowing the central bank adequate independence to raise interest rates despite an overheating economy and inflation now exceeding 15 percent - far above the central bank's target of 5 percent.

Brunson, a Christian pastor from North Carolina who has lived in Turkey for more than two decades was detained by a court in Turkey on charges bordering on spying and terrorism and now faces up to 35 years in jail if found guilty.

President Donald Trump tweeted Thursday night to threaten new sanctions as punishment for Turkey's detainment of a "great patriot hostage".

While Evangelists in the United States consider Trump's efforts to release Brunson as support for religious freedom, the article argued Trump was trying to use this issue to secure success during the November 7 midterm elections.

Washington and Ankara have been at loggerheads over the release of pastor Brunson who is held in Turkey.

Trump added: "We will pay nothing for the release of an innocent man, but we are cutting back on Turkey!"

"We've already responded based on the World Trade Organisation rules and will continue to do so", Trade Minister Ruhsar Pekcan was quoted as saying by the state-run Anadolu news agency.

The pastor was released for house arrest on July 25.