The German Press Agency revealed the credit guarantee figure on Saturday, noting that the nearly 1 billion euros have been provided to German firms to protect their business with Iran.
New York – The German government defied US sanctions on Iran’s clerical regime on Monday, by continuing to insure its companies with export credit – 911 million euro for 58 companies. The German Press Agency revealed the credit guarantee figure on Saturday, noting that the nearly 1 billion euros have been provided to German firms since 2016 to protect their business dealings with Iran from the high risks of its markets. Germany remains Iran’s most important European trade partner. In 2017, the trade volume between Germany and Iran increased by 17% (3.4 million euros). However, German-Iranian commerce has dropped since the start of 2018.
Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>
