German firms lead exodus out of Iran | Business| Economy and finance news from a German perspective | DW | 21.09.2018
▻https://www.dw.com/en/german-firms-lead-exodus-out-of-iran/a-45577191
The EU has responded to the sanctions by updating a Blocking Statute to protect EU companies doing business with Iran from the impact of US sanctions.
But the EU signatories to the deal — Germany, France and the UK — have failed so far to convince US President Donald Trump not to reimpose sanctions, or to persuade him to grant waivers for EU-based companies doing business with Tehran.
Many observers expect many more big firms to leave Iran. “We expect almost all of the European and Japanese companies along with major Korean companies to leave #Iran,” Sara Vakhshouri, the president of SVB Energy International in Washington DC, told DW.
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