Jan 28, 2018 · Gas for gold and the ‘golden loophole’ Starting in 2012, Turkey helped Iran evade biting U.S. sanctions by providing billions of dollars worth of gold in exchange for Iranian natural gas and...

Mar 13, 2014 · Today, Turkey’s gold imports continue exceed the average levels during the time preceding “gas-for-gold.” This might be explained by a high domestic demand for gold as a store of value given high inflation.

Dec 7, 2019 · A Turkey to Iran gold-for-gas scheme was referenced as one of the world’s largest money laundering operations, and those involved managed to keep U.S. prosecutors in the dark for years

Dec 26, 2013 · This "gas-for-gold" scheme allowed the Iranians to replenish their dwindling foreign exchange reserves, which had been hit hard by the international sanctions placed on their banking system.

Jul 22, 2021 · The so-called “golden loophole” in the US sanctions regime helped sell “gas for gold.” It lied in the fact that gold could be supplied to Iran, but not to Iranian government agencies. However, the amount of gold entering Iran “for gold retailers” was huge.

Dec 27, 2013 · Yesterday, Foreign Policy published a story breaking down one fascinating part — a "gas for gold" scheme with Iran. Allegedly, officials at the upper-echelons of the Turkish government found a...

May 17, 2013 · As Turkey's Deputy Prime Minister Ali Babacan frankly admitted, Turkey's "gold exports [to Iran] end up like payments for our natural gas purchases." The system was simple.

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Feb 18, 2013 · Reuters reports the Turkish-Iranian gold trade may already be drying up. Turkey’s oil purchases from Iran fell by almost a third in December alone. Gas is particularly problematic for Turkey.

Mar 17, 2014 · According to the new RGE/FDD research, during the height of the “gas-for-gold” period, Switzerland was Turkey’s primary source of gold, supplying a total of $8.15 billion in gold from March 2012 to July 2013, or $7 billion in net imports, (excluding Turkey’s exports of gold to Switzerland), and while some of Turkish imports were ...