Iran General NewsGermany pressures firms to limit Iran trade-report

Germany pressures firms to limit Iran trade-report

-

Reuters: The German government is increasing pressure on companies to curb business with Iran and even tried to stop a business conference attended by the Islamic Republic's oil minister, Handelsblatt daily said on Thursday.

BERLIN, May 7 (Reuters) – The German government is increasing pressure on companies to curb business with Iran and even tried to stop a business conference attended by the Islamic Republic's oil minister, Handelsblatt daily said on Thursday.

Germany is one of those western nations involved in a long-running dispute with Tehran over its nuclear programme, but it has also been one of the biggest exporters to Iran.

Last week, the government of Chancellor Angela Merkel urged the German Near and Middle East Association NUMOV in a letter to cancel two conferences on Iran, Handelsblatt said.

"These events clearly contradict the government's policies and could cause bigger foreign policy damage to Germany," the daily quoted the letter by the economy ministry as saying.

"For this reason, I would like to ask you not to go ahead with these events in the name of the economy ministry and the chancellor's office," the letter said.

The two conferences, an information event on Iran for German companies in western Duesseldorf, and a meeting by German company representatives with Iran's Oil Minister Gholamhossein Nozari in Berlin, went ahead nevertheless, the paper said.

Recent figures show Berlin has significantly cut the value of new credit guarantees it offers firms that do business with Iran, but German exports to the country still rose last year.

German firms receive the guarantees for exporting goods to markets considered risky and the figures suggested firms are prepared to take the risk of doing business with Iran even without the safety net of export guarantees.

Iran's Nozari called on German firms to invest in Iran.

"Iran can become a safe and reliable energy supplier for Germany," he told Handelsblatt in an interview. "We offer giant opportunities and the early bird catches the worm."

Nozari said Iran was intensifying plans on a so-called "Persian pipeline", which would transport gas from Iran to Europe. His country, which has the world's second-largest gas reserves, was also ready to cooperate on the Nabucco pipeline project to bring gas to Europe from central Asia.

Germany, whose consumption of about 100 billion cubic metres of gas a year represents a fifth of the total in the European Union, is among six major powers seeking to convince Iran to suspend nuclear work the West fears is aimed at making bombs.

Tehran says its nuclear programme is aimed at generating electricity but its refusal to halt uranium enrichment has drawn three rounds of U.N. sanctions since 2006, as well as separate U.S.-led financial and other measures. (Reporting by Kerstin Gehmlich; Editing by Matthew Jones)

Latest news

Iran’s Regime Evading Oil Sanctions Through Malaysia

Brian Nelson, the U.S. Department of the Treasury's Under Secretary for Terrorism and Financial Intelligence, sees Iran's increased capacity to transport...

Iran’s Cooperation Level Unacceptable, IAEA Director Says

The Director-General of the International Atomic Energy Agency (IAEA) described the regime's cooperation with the agency as unacceptable upon...

Iran’s Gold Merchants on Strike in Several Cities

Reports and images circulated on social media indicate the expansion of protests and strikes by gold sellers in several...

Intense Rainfall and Floods Damage Dozens of Cities Across Iran

Heavy rainfall has again led to flooding in dozens of cities across Iran, damaging residential homes and agricultural lands....

Iran is the Second Largest Prison for Writers in the World

The 2023 Freedom to Write Index, released by PEN America, shows that Iran continues to be the world’s second-largest...

Iranian Proxies Still Planning Attacks on US Forces

On Thursday, May 2, Avril Haines, the director of the U.S. National Intelligence Agency, told a Senate Armed Services...

Must read

Tanker insurers warn on Iran shipments

Wall Street Journal: The world's largest pool of tanker insurers...

Iran’s Oil Minister in Syria for talks

Iran Focus: Tehran, Iran, Mar. 30 - Iran's Oil...

You might also likeRELATED
Recommended to you

Exit mobile version