U.S. Will Not Penalize Foreign Banks For Financing Medical Supplies, Other Aid For Iran

Reuters: U.S. says no sanctions penalty on humanitarian aid for Iran
“Banks that process payments for humanitarian aid to Iran will not be penalized under U.S. sanctions, the U.S. Treasury has said, following a European appeal for leniency. In a statement explaining the workings of its sanctions, U.S. authorities said foreign banks would not be punished for financing the supply of health and medical items such as hand sanitizer, ventilators, or personal protective equipment. … It also made clear that there were other exceptions to processing payments with the country, such as covering staff costs at international organizations with missions in Iran…” (O’Donnell, 12/8).

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