Frozen Iranian assets transferred to Swiss central bank - Reuters

Iranian assets that had been frozen in South Korea were transferred to Switzerland’s central bank last week for exchange and transfer to Iran, according to a Monday report by Reuters which cited South Korean media.

“Switzerland would be a good choice for using Iran’s frozen resources”

Head of Iran-Switzerland Joint Chamber of Commerce says the potentials of Switzerland are proper for using Iran’s frozen funds in South Korea in the country.

Businessman says Switzerland has turned into Iran’s 1st European trade partner

Sharif Nezam-Mafi, the Chairman of Iran-Switzerland Joint Chamber of Commerce, said on Monday that Switzerland has turned into Iran’s first European trade partner.

Share of agricultural, medical products increases in Iran-Switzerland trade

Companies active in transactions between Iran and Switzerland are showing more interest in agricultural and medical products which has led to an increase in the share of these items in bilateral trade between the two countries, a businessman said.

Swiss FM to discuss humanitarian channel in Tehran tomorrow

Iranian Foreign Minister Mohammad Javad Zarif is to host his Swiss counterpart on Sunday, during a two-day visit by the latter to mark the 100th anniversary of Switzerland’s diplomatic presence in Iran that is also meant to address bilateral, regional, and international issues.

Iran-Swiss banking ties to increase ’soon’: CBI

The two countries see a rise in their banking relations after the Swiss humanitarian trade channel becomes finally functional to allow the trade of non-sanctioned humanitarian goods.

Swiss humanitarian payment channel with Iran ‘ready’, awaits capital

Switzerland, 60% of whose exports to Iran are medicine, has been hard at work to allow the creation of a humanitarian payment mechanism that helps the uninterrupted flow of humanitarin goods to Iran in the face of renewed US sanctions.

Sanctions cause epilepsy medication shortage

The US Treasury says the renewed economic punitive measures do not impede humanitarian aid for Iran but with less and less European banks willing to accept financial transactions with Iran, food, medicine and medical equipment imports have been disturbed.

With financial channels stifled, Iranian citizens pay sanctions price

The US unilaterally walked out of the Iran nuclear deal and reimposed sanctions that target the oil and banking sectors. Washington says humanitarian goods, such as food, are exempt from the measures. But, the situation on the ground shows the otherwise. Ordinary Iranians are being affected the most.

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Swiss companies refuse Iran trade out of fear of US retaliation

Iran-Switzerland Joint Chamber of Commerce President, Sharif Nezam-Mafi says US sanctions have hindered the flow of vital medicine into the country, leading to a shortage of much-needed cancer drugs, especially for kids. He says Swiss companies do not deal with Iran out of fear of retaliatory US measures.