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Swiss gov't decides against EU ban on Iranian oil

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The Swiss government said on Thursday it would widen sanctions against Iran but would not implement a European Union ban on trading Iranian oil because of "foreign policy reasons".

 

The new Swiss sanctions, which come into force on Friday, will affect supplies for the petrochemical industry, telecommunications equipment as well as the purchase and sale of precious metals and diamonds, the non-EU country said in a statement. (Reuters)

 

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