ZCZC
BCN-20
FRANCE-ECONOMY-TRADE-SANCTIONS-IRAN
Most French firms ‘won’t be able to stay’ in Iran: minister
PARIS, June 19, 2018 (BSS/AFP) – 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.
BSS/AFP/MR/ 1423 hrs