Contents tagged with US sanctions on Iran

  • French automaker PSA Group preparing to leave Iran because of U.S. sanctions

    The French automaker PSA Group is preparing to withdraw from Iran due to the threat of U.S. sanctions, reported France-Presse, citing a statement from the industrial group.

    “The process to suspend joint venture activities has been initiated in order to adapt the situation to U.S. law before August 6, 2018,” the company said.

    At the same time, the company’s headquarters stressed that “the company’s management is in contact with U.S. authorities in an attempt to reach an agreement on exclusion …

  • U.S. Treasury says it will continue sanctions against Russia and Iran

    The head of the U.S. Department of the Treasury, Steven Mnuchin, assured lawmakers at hearings in the Senate that the ministry under his auspices will continue implementing programs to impose sanctions against Russia and Iran, as reported on the Department of the Treasury’s website.

    The hearings, about the department’s budget for the 2019 fiscal year, were held in the Appropriations Committee. “Budgetary funds will also be used in harmony with the Countering America’s Adversaries Through …

  • Berlin admits it cannot protect German companies from US sanctions on Iran

    Germany does not see any simple opportunities to protect its businesses from the new sanctions which Washington may place on Iran in the next three months, German Foreign Minister Heiko Maas told Bild in an interview.“I don’t see a simple solution for protecting our companies from all risks related to sanctions in the US,” Maas observed.

    He added that the European Union, whose companies have made a large number of deals with Iran following the lifting of the sanction regime in 2016, intends to …