Switzerland has lifted a ban on precious metal trade with Iranian public bodies and eased restrictions on trade in petrochemical products, transport of Iranian oil and petroleum products, and the provision of insurance for shipments until August 14, 2014, the Swiss Federal Council said in a statement on Wednesday.
The statement also noted that ceilings were raised tenfold for transfers of funds to Iranians.
The Swiss council added that it was following a move by the European Union, which agreed on January 20 to suspend part of the sanctions imposed on Iran.
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