KM Financial Solutions | UPDATE 2-U.S. assures banks on dollar dealings with China’s COSCO hit by Iran sanctions
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UPDATE 2-U.S. assures banks on dollar dealings with China’s COSCO hit by Iran sanctions

UPDATE 2-U.S. assures banks on dollar dealings with China’s COSCO hit by Iran sanctions

The Trump administration
assured U.S. banks on Wednesday that they can temporarily
process U.S. dollar transactions on a Dalian unit of China’s
biggest shipping company COSCO that Washington had imposed
sanctions on over suspicions it transported oil from Iran.

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