date:Jul 11, 2013
global banking system, hindering payments.
But frozen bank accounts can now be used to pay for food and animal feed imports in a change from previous sanctions rules.
The change is recent but it's a significant change, one trader said.
Iran's purchases this week comprised some 250,000 tonnes of Russian wheat at around $295 cf (cost and freight) and 200,000 tonnes of Baltic Sea region wheat, possibly from Poland, at around $305 a tonne cf traders said.
Syria, also facing sanctions, has simila