Switzerland prepares to launch Iran payments channel | Financial Times:
Switzerland is close to launching an initiative to let companies sell food, medicine and medical devices to Iran using a payments channel that would be the first such mechanism to win Washington’s approval since it reimposed sanctions against Tehran.
Bern’s humanitarian supplies plan — which is the subject of delicate ongoing talks with the US and Iran — comes as leading EU powers hope within weeks to set up a much-touted mechanism to finance broader trade with Tehran.
The simultaneous efforts highlight the transatlantic schism since President Donald Trump pulled out of a landmark international nuclear deal with Iran in May.
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