Published: Sun, August 19, 2018
World | By Camille Rivera

Russia, Turkey hold talks on implementing deals on Syria de-escalation zones - Lavrov

Russia, Turkey hold talks on implementing deals on Syria de-escalation zones - Lavrov

The Turkish lira has lost a third of its value against the dollar this year as worsening relations between North Atlantic Treaty Organisation allies Turkey and the United States added to losses driven by concerns over President Tayyip Erdogan's influence on monetary policy.

"We intend to intensify contacts with the European Union on visa liberalization", Cavusoglu said Wednesday, as quoted by the Anadolu news agency.

U.S. Treasury Secretary Steve Mnuchin warned Thursday that his country would levy more sanctions on the troubled Turkish economy if Ankara does not soon release pastor Brunson who is on house arrest in western Turkey. "The era of bullying must end", the minister said and called on the U.S.to return to a dialogue, warning that threats and pressure on Turkey would cause chaos.

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"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. Ankara was also ready for such a move in trade with the European Union, he added.

Erdogan noted that the United States will lose "a strong partner" if it continues with its pressures for the release of the U.S. pastor Andrew Brunson, who was accused of terrorism and espionage due to his alleged participation in the attempted coup d'état in Turkey on July 15, 2016.

TRT World 's Andrew Hopkins reports from Ankara.

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Russian Federation seeks to use national currencies in trade with Turkey but the issue needs to be worked out meticulously, Kremlin spokesman Dmitry Peskov said Monday.

Bilateral ties began to improve following Turkey's apology in June 2016, and Moscow and Ankara's agreement to mutually lift the majority of restrictions on May 22 of the following year, but a visa regime for Turkish nationals remains in place. The summit focusing on Syria and the wider region will be held in Istanbul on September 7.

"Of course, we probably will not see any direct link to the Syrian crisis in the statements that the American side is making when it announces sanctions against our countries".

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