Sunday , April 11 2021

Iran takes action to continue trade after US sanctions. Latest news



Iran said it had taken the necessary banking measures to continue trading with its partners after the United States repeatedly imposed sanctions on the national energy sector and the financial sector.

"We were in talks with our trading partners and took all the necessary steps to continue Iran's dealings," Hamatti said.

"We were expecting these sanctions, so we developed plans for them and others … and given the possibility of separating banks from the SWIFT system, we looked at alternatives that would replace it."

The Belgian SWIFT said it had decided to stop the arrival of some undisclosed Iranian banks in its messaging system in order to maintain the stability and integrity of the global financial system.


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