The loans were originally intended to finance agricultural exports to Iraq, but were diverted by Iraq to buy weapons.
UBS also says it will not finance exports or imports for any corporate clients in Iran.
It also provides standby loans of $2 billion and money for short-term trade credits to finance exports.
Will these loans be aimed simply to finance Japanese exports or commercial lending?
Much of that credit is being used to finance exports, which in turn are crucial in getting Brazil's overall financial condition back in balance.
A17 An agency helping to finance exports from the United States is incurring such losses that its capital will be wiped out within nine months.
Since 1974, it has had policy of financing only nonmilitary exports.
MTB generally makes loans of $500,000 to $2.5 million to finance imports and exports.
We are here to finance exports that would not take place without Ex-Im financing.
It is unusual for the credit agency of a foreign government to finance American exports.