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manufacture for steel coil via KunLun Bank for Iran market

Policy Change at China’s Bank of Kunlun Cuts Iran Soltani tweeted a letter from Iran’s Tose’e Ta’avon Bank, informing its clients that Kunlun will only process payment orders or letters of trade in “humanitarian and nonsanctioned goods and services.” Kunlun’s change in policy cuts a longstanding financial lifeline for Iran’s automotive, shipping, petrochemical, and steel industries.Author: Maziar Motamedi

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