Cargill says still supplying Iran with grain

February 8, 2012 17:54


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief


GENEVA - US agribusiness giant Cargill is still sending grain to Iran, its vice chairman said on Wednesday, despite signs the Islamic Republic is struggling to process payments following US sanctions designed to punish Tehran over its nuclear program.

"Like all the international companies, we do business there, but you have to be very careful," Paul Conway told Reuters in an interview. "At the moment you just have to be very careful and do it somewhat piecemeal."Asked if shipments were still possible, he said: "Yes, it's standard methods, in terms of finding banks that will open LCs (letters of credit) and pay you in currencies other than the dollar. Yen, or euros or whatever."

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
July 22, 2019
Gunfire, loud explosion heard in Somalia's capital Mogadishu


Cookie Settings