(Reuters) Chen Aizhu and Shu Zhang - The Bank of Kunlun, the key Chinese conduit for transactions with Iran, is set to halt handling payments from the Islamic Republic on Nov. 1 under pressure of imminent U.S. sanctions against the country, four sources said. The bank, controlled by the financial arm of Chinese state energy group CNPC, had already quietly suspended euro-denominated payments from Iran in late August, the sources said.
2018-10-25 00:00:00Full ArticleBACK Visit the Daily Alert Archive