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1905 GMT: Sanctions Watch. Billionaire businessman Babak Zanjani has shrugged off his sanctions black-listing by the US Treasury on Thursday.

Zanjani, who was also named by the European Union in December for being a "facilitator of oil deals", said, "We haven't had any problems in our business since the EU ban. Actually, business is much better since December. Sanctions have provided publicity for us."

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