U.S. sanctions imposed on Turkey over the trial of an American pastor accused of backing terrorism are unacceptable and will have limited impact on the Turkish economy, Treasury and Finance Minister Berat Albayrak said on Thursday.
In a statement, Albayrak, who is also Turkish President Recep Tayyip Erdoğan's son-in-law, said Turkey's priority was to resolve the issue with Washington, a NATO ally, through dialogue and diplomacy.
"If the U.S. insists on making a mistake, its impact will be limited on Turkey and Turkish economy," he added.
Speculative actions in financial markets following the announcement of the sanctions would be rendered void, he said.
Albayrak also said in a statement Turkey was working on securing short and medium-term external financing.
On Wednesday, White House spokesperson Sarah Sanders said the U.S. has imposed sanctions on Süleyman Soylu, the interior minister, and Abdülhamit Gül, the justice minister, for not releasing American Pastor Andrew Craig Brunson, who faces terrorism charges in Turkey.
