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UK settles Iranian bank’s damages claim via 3rd country to sidestep US sanctions – reports

  1. Iran’s largest private bank, in which the Iranian government owns a 20 percent stake, sued the UK government over sanctions it imposed back in 2009. The bank had originally sought $3.9 billion in damages, but the sum was reportedly later decreased to $1.6 billion with interest. Media reports state that the payment was conducted late this week using a third country, as the parties wanted to avoid US sanctions. The third country in question was not specified. Source: