Switzerland lifts some sanctions against Iran in sign of support for nuclear deal

August 12, 2015 8:55 PM

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BERLIN – Switzerland is lifting some sanctions against Iran in what it calls a sign of support for the agreement between Tehran and world powers over its nuclear program.

The neutral country's governing Federal Council decided Wednesday to lift a ban on precious metals transactions with Iranian state entities and end requirements to report trade in Iranian petrochemical products and transport of Iranian crude oil, among other measures.

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