The U.S. Treasury has stated that banks processing payments for humanitarian aid to Iran will not face penalties due to U.S. sanctions.
Foreign …
The U.S. Treasury has stated that banks processing payments for humanitarian aid to Iran will not face penalties due to U.S. sanctions. Foreign banks will not be punished for funding health and medical supplies, U.S. officials said. These supplies include items such as hand sanitizer, ventilators and personal protective equipment (PPE), all of which are essential to mitigating the coronavirus pandemic. Like much of the world, Iran saw a large spike in coronavirus cases once colder seasons began. The country has so far confirmed more than 1 million cases and more than 50,000 deaths. Apart from medical equipment, processing payments to pay for staffing at international organizations and missions will also be exempted from the sanctions Reuters reports.
