All tagged humanitarian trade

Swiss Humanitarian Channel to Iran Takes Effect

◢ A new Swiss payment mechanism allowing food, medicine and other humanitarian aid to be sent to Iran without stumbling over US sanctions has officially taken effect, Bern said Thursday. Iran has been facing severe medical shortages since the US pulled out of a landmark nuclear deal and reimposed crippling sanctions on the country in 2018.

U.S. Sanctions Strand Iran Ships Ferrying Corn From Brazil

◢ At least two Iranian vessels set to carry Brazilian corn are stranded off the Latin American nation’s coast because they can’t get fuel, according to the port authority at Paranagua. State-controlled oil company Petroleo Brasileiro said it won’t supply the ships—which have been floating for over a month—due to the risk of U.S. sanctions.