S Korea finds new way to finance Iran trade
Financial Times / Christian Oliver and Song Jung
07-Oct-2010

outh Korea has appointed two state-run banks to finance trade with Iran and revive lucrative business ties that collapsed because of sanctions announced in September.

The US has pressured Seoul to help cut Iran out of international markets, but South Korea is seeking ways to protect its $10bn annual trade with the Islamic Republic.

>>>
recommended by acopier101

Share/Save/Bookmark