Turkey's lira tumbled to a record low beyond 5 to the dollar on Thursday, after Washington imposed sanctions on two of President Tayyip Erdogan's ministers over the trial of a USA pastor accused of backing terrorism.
Their talks came after Washington imposed sanctions on two of Turkish President Tayyip Erdogan's ministers over the trial of a USA pastor accused of backing terrorism.
Speaking to Turkish journalists after his meeting with Pompeo, Cavusoglu also described their discussion as "extremely constructive" and said the two would continue to work toward resolving disputes.
Turkish Foreign Minister Mevlut Cavusoglu arrives for the ASEAN Foreign Ministers' Meeting opening ceremony in Singapore August 2, 2018.
Turkey has said the sanctions are unacceptable. "Of course, it is not expected to solve the crisis and all problems in just one meeting, but we agreed on close cooperation, dialogue and working together to solve the problems and when we return to our countries, we will keep taking steps together to solve those problems and work on it".
Turkish President Recep Tayyip Erdogan said he will seek global arbitration if the Trump administration fails to deliver the fighter jets.
Turkish President Recep Tayyip Erdogan has rejected the USA demands, saying his government won't back down and is willing to "go its own way" if the US acted.
"They've been holding these folks for a long time".
On the sanctions, he said: "I hope they'll see this for what it is, a demonstration that we're very serious".
The Foreign Ministry said it would retaliate against what it called Washington's hostile action.
How did the jailing of a USA pastor lead to sanctions on Turkey?
The pastor denies the charges while USA officials have publicly insisted that Brunson is innocent and should be freed.
The lira hit a record low of 5.0934 to the dollar, recovering to trade at 5.0605 by 1434 GMT. "President Trump has made it abundantly clear that the United States expects Turkey to release him immediately".
Two Turkish employees of United States consulates in Turkey are also now in jail on terror charges, and another is under house arrest, while several Americans have been caught up in the crackdown that followed a failed 2016 coup.