Turkish Foreign Minister Ahmet Davutoglu announced on Wednesday that Ankara has imposed economic sanctions against Syria.
Turkey froze strategic partnership with Syria, introduced a travel blacklist of Syrian administration officials and businessmen, froze cooperation with the Syrian Central Bank and financial assets of President Bashar al-Assad, as well as banned arms sales to the country.
The sanctions also freeze all loan agreements with Syria and any cooperation between private banks.
"We did our best to bring our relations with Syria to the highest possible level; however, Syrian authorities interpreted the events in the region incorrectly. They refused to pay attention to our warnings and reasons," the Turkish foreign minister said.
He also said that Syria's refusal to fulfill the Arab League's demands shows that Damascus "rejected its last chance."
The Arab League approved on Sunday economic sanctions against Syria, agreeing to stop dealing with Syria's central bank and to freeze the assets of the Syrian government, while European Union governments agreed on Monday to impose additional financial sanctions on Assad's government.
Opposition leaders maintain that Syrian authorities continue to use force against "peaceful demonstrations" and many people were killed or injured as a result.
Meanwhile, Syrian authorities say that the troops and police are clashing with militants who are financed from abroad and attack administrative bodies and ordinary citizens.
