November 21, 2014

Foreign Policy: Iran Nuclear Deal Could Ease the Way for Humanitarian Trade

Financial sanctions against Iran hit the country’s economy hard, forcing Tehran to negotiate rolling back its nuclear program with the West. But they’ve also kept Iranians from buying medicine, paying tuition for students studying abroad, and making other purchases — all activities still allowed.

The trouble is skittish banks. Many financial institutions are so worried about running afoul of U.S. sanctions and incurring huge fines that they’re unwilling to do any business with Iranians.

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