Reuters offered insight into how Iran, creaking under the impact of U.S. sanctions, a collapse in oil sales and a severe COVID-19 epidemic, is struggling to buy food and medicine to avoid a supply crunch. Despite such supplies being exempt from sanctions, banks and governments are reluctant to transfer or take Iranian money because they fear unwittingly breaching the complex U.S. restrictions.
Business & FinancePolitics
Reuters offers insight into how Iran struggling to buy food in a world wary of touching its money
07 August 2020, 7:50 pm 1 minute
Article Tags
Topics of Interest: Business & FinancePolitics
Type: Reuters Best
Sectors: Commodities & Energy
Regions: Middle East
Countries: Iran
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text