Turkey calls on USA to get back to dialogue - top diplomat

Samantha Lee  Business Insider

Samantha Lee Business Insider

Turkey has been hit by financial turmoil, with the lira plunging over deepening concerns about the government's economic policies and a diplomatic spat with the United States.

Russian Foreign Minister Sergei Lavrov speaks during a joint news conference following a meeting with his German counterpart Heiko Maas in Moscow, Russia May 10, 2018.

Russian officials were in Turkey on Tuesday, talking with the government there about possible solutions for Turkey's currency crisis.

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"We are at a turning point in the World".

Turkey's Foreign Minister Mevlut Cavusoglu attends a press conference during a visit in the Turkish Cypriot northern part of the divided city of Nicosia, Cyprus July 24,2018.

"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.

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USA sanctions, including the latest round targeting Turkey, undermine all principles of global trade and in time this move will undermine the role of US dollar as a settlement currency, he said.

President Bashar Assad, who is backed by Moscow, has said his forces will recapture the region where Turkey has set up a dozen military observation posts.

"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. "Not only with Turkey and Iran, we're also arranging and already implementing payments in national currencies with the People's Republic of China", Lavrov said. Ankara was also ready for such a move in trade with the European Union, he added.

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The White House says "we won't forget" how Turkey has treated a detained American pastor, after a court rejected his appeal for release.

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