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The U.S. Treasury has reassured Brazilian banks they can finance trade with Iran without fear of sanctions, opening the way to billions of dollars in potential exports of jet planes, buses and equipment, a senior Brazilian official said on Wednesday.Sanctions on non-U.S. entities doing business with Iranian companies were lifted with implementation in January of the nuclear accord with Iran, but Brazilian banks remained worried they could still face repercussions, said Rodrigo Azeredo, Brazil's top diplomat for trade.That is expected to change after Treasury officials explained to executives of Brazil's largest banks in Sao Paulo last week that they can deal with Iranian banks as long as the transactions -- in dollars or any other currency -- do not go through the U.S. banking system and do not involve blacklisted Iranian companies.Brazilian bus maker Marcopolo SA is also looking to sell hundreds of vehicles to Iran.
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