Wednesday 10 July 2013

Sanctions tighten squeeze on Iran - The National

"UAE companies with ties to Iran are reassessing their links to the country as the latest sanctions from the United States threaten them with penalties.

Business has already become progressively tougher for those companies with commercial ties to the Islamic republic as banks cut finance and the Iranian currency sinks.

But US sanctions that came into force on July 1 close the door on Iran trade even further by specifically targeting non-US businesses and individuals dealing with Iran's energy, shipping and metals industries."

'via Blog this'

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