Turkish Gold Trader Admits to Conspiring to Avoid US Sanctions against Iran

Turkish gold trader Reza Zarrab is shown in this court room sketch with lawyer Marc Agnifilo as he appears in Manhattan federal court in New York, US, April 24, 2017. (Reuters)
Turkish gold trader Reza Zarrab is shown in this court room sketch with lawyer Marc Agnifilo as he appears in Manhattan federal court in New York, US, April 24, 2017. (Reuters)
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Turkish Gold Trader Admits to Conspiring to Avoid US Sanctions against Iran

Turkish gold trader Reza Zarrab is shown in this court room sketch with lawyer Marc Agnifilo as he appears in Manhattan federal court in New York, US, April 24, 2017. (Reuters)
Turkish gold trader Reza Zarrab is shown in this court room sketch with lawyer Marc Agnifilo as he appears in Manhattan federal court in New York, US, April 24, 2017. (Reuters)

A Turkish-Iranian gold trader has admitted to conspiring to evade US sanctions against Iran, a US prosecutor said on Tuesday.

He said that Reza Zarrab pleaded guilty to conspiring to evade US sanctions against Iran and will testify against a Turkish bank official who is charged with arranging illegal transactions involving American banks.

Zarrab will describe a multibillion-dollar international money laundering scheme “from the inside,” Assistant US Attorney David Denton said during his opening statement in the New York federal court trial of Mehmet Hakan Atilla, the deputy general manager of Turkey’s Halkbank.

Atilla’s lawyer, Victor Rocco, attacked Zarrab’s credibility in his opening statement, telling jurors that Zarrab was prepared to lie to avoid jail time.

US prosecutors have charged nine people in the case, though only Zarrab and Atilla are known to be in US custody. The other defendants include the former head of Halkbank, Suleyman Aslan, and the former economy minister of Turkey, Zafer Caglayan.

Turkish President Recep Tayyip Erdogan’s government has said the case was fabricated for political motives, adding to tensions between Ankara and Washington.



Trump Says it Might Be Better to Let Ukraine and Russia 'Fight for a While'

05 June 2025, US, Washington: US President Donald Trump (R) meets with German Chancellor Friedrich Merz in the Oval Office at the White House. Photo: Michael Kappeler/dpa Pool/dpa
05 June 2025, US, Washington: US President Donald Trump (R) meets with German Chancellor Friedrich Merz in the Oval Office at the White House. Photo: Michael Kappeler/dpa Pool/dpa
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Trump Says it Might Be Better to Let Ukraine and Russia 'Fight for a While'

05 June 2025, US, Washington: US President Donald Trump (R) meets with German Chancellor Friedrich Merz in the Oval Office at the White House. Photo: Michael Kappeler/dpa Pool/dpa
05 June 2025, US, Washington: US President Donald Trump (R) meets with German Chancellor Friedrich Merz in the Oval Office at the White House. Photo: Michael Kappeler/dpa Pool/dpa

US President Donald Trump said Thursday that it might be better to let Ukraine and Russia “fight for a while” before pulling them apart and pursuing peace.

In an Oval Office meeting with German Chancellor Friedrich Merz, Trump likened the war in Ukraine — which Russia invaded in early 2022 — to a fight between two young children who hated each other.

“Sometimes you’re better off letting them a fight for a while and then pulling them apart," Trump said. He added that he had relayed that analogy to Russian President Vladimir Putin in their phone conversation on Wednesday, The Associated Press reported.

Asked about Trump's comments as the two leaders sat next to each other, Merz stressed that both he and Trump agreed “on this war and how terrible this war is going on,” pointing to the US president as the “key person in the world” who would be able to stop the bloodshed.

But Merz also emphasized that Germany “was on the side of Ukraine” and that Kyiv was only attacking military targets, not Russian civilians.

“We are trying to get them stronger,” Merz said of Ukraine.

Thursday's meeting marked the first time that the two leaders sat down in person. After exchanging pleasantries — Merz gave Trump a gold-framed birth certificate of the US president's grandfather Friedrich Trump, who immigrated from Germany — the two leaders were to discuss issues such as Ukraine, trade and NATO spending.

Trump and Merz have spoken several times by phone, either bilaterally or with other European leaders, since Merz took office on May 6. German officials say the two leaders have started to build a “decent” relationship, with Merz wanting to avoid the antagonism that defined Trump's relationship with one of his predecessors, Angela Merkel, in the Republican president's first term.

The 69-year-old Merz — who came to office with an extensive business background — is a conservative former rival of Merkel's who took over her party after she retired from politics.

A White House official said topics that Trump is likely to raise with Merz include Germany’s defense spending, trade, Ukraine and what the official called “democratic backsliding," saying the administration's view is that shared values such as freedom of speech have deteriorated in Germany and the country should reverse course. The official spoke on condition of anonymity to preview the discussions.

But Merz told reporters Thursday morning that if Trump wanted to talk German domestic politics, he was ready to do that but he also stressed Germany holds back when it comes to American domestic politics.