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Business

Turkey dismisses 'meaningless' concerns over U.S. sanctions warning

Turkey Nureddin Nebati Russia US Treasury

FILE PHOTO: Turkey and U.S. flags are seen in this picture illustration taken August 25, 2018. REUTERS/Dado Ruvic/Illustration/File Photo

Turkey's Finance Minister on Friday dismissed as "meaningless" concerns among Turkish businesses over a U.S. Treasury warning that they risked being penalised if they maintained commercial ties with Russians under sanctions.

NATO-member Turkey has sought to strike a balance between Moscow and Kyiv by criticising Russia's invasion and sending arms to Ukraine, while opposing the Western sanctions and continuing trade, tourism and investment with Russia.

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