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February 28, 2020 10:38 am
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US Grants Sanctions Waiver for Humanitarian Trade to Iran

avatar by Reuters and Algemeiner Staff

People shop in downtown Tehran, Iran, June 23, 2019. Photo: Nazanin Tabatabaee / WANA (West Asia News Agency) / via Reuters.

The United States on Thursday granted a license to allow for certain humanitarian trade transactions with Iran’s sanctioned central bank, a move it said was in step with the formalization of a Swiss humanitarian trade channel.

The newly created channel, which the US Treasury Department said became fully operational on Thursday as it granted the license, would allow for companies to send food, medicine and other critical supplies to Iran.

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