Much is at stake for US and European companies enjoying revived trade with Iran following US President Donald Trump’s decision this week to pull out of the Iran nuclear deal and impose fresh sanctions.
Hardest hit will be oil and gas firms, plane makers like Airbus and Boeing, and car makers.
But European engineering and construction firms, recruited in the last two years to help Iran develop its transport infrastructure, could lose out as well.
— globalconstructionreview.com
US President Donald Trump’s decision to pull out of the Iran nuclear deal and impose new sanctions will drastically impact European engineering and construction firms and could restrict the availability of international finance for big schemes.
After the nuclear deal was signed, Iran launched immense transit programs spending around $25 billion. Vinci and Ferrovie dello Stato have signed deals in Iran’s expanding rail and aviation sectors.
7 Comments
boohoo.
^^ Yes, these.
I wonder if the Iranian state is on the shitty men list?
"scrapping the Theocracy would be a good start."
Yep, scrap this whole "One Nation under God" b.s. or taking oaths by placing a hand on the bible when taking political office or in court.
Good to know :)
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