‘Most French cos won’t be able to stay in Iran’ | 2018-06-20 | daily-sun.com

‘Most French cos won’t be able to stay in Iran’

    20 June, 2018 12:00 AM printer

PARIS: Most French companies hoping to keep doing business in Iran after the US imposes new sanctions on the country will find it impossible to do so, Finance Minister Bruno Le Maire said Tuesday.

These companies “won’t be able to stay because they need to be paid for the products they deliver to or build in Iran, and they cannot be paid because there is no sovereign and autonomous European financial institution” capable of shielding them,” Le Maire told BFM television, reports AFP.

 


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