{"id":24912,"date":"2018-06-17T21:46:51","date_gmt":"2018-06-17T20:46:51","guid":{"rendered":"https:\/\/www.ncr-iran.org\/en\/issues\/economy\/24912-a-domino-effect-in-the-exit-of-western-companies-from-iran"},"modified":"2023-01-18T23:23:23","modified_gmt":"2023-01-18T22:23:23","slug":"a-domino-effect-in-the-exit-of-western-companies-from-iran","status":"publish","type":"post","link":"https:\/\/www.ncr-iran.org\/en\/news\/economy\/a-domino-effect-in-the-exit-of-western-companies-from-iran\/","title":{"rendered":"A \u201cDomino Effect\u201d in the Exit of Western Companies From Iran"},"content":{"rendered":"<p><img decoding=\"async\" title=\"the-Exit-of-Western-Companies-From-Iran\" class=\" size-full wp-image-51537\" src=\"https:\/\/www.ncr-iran.org\/en\/wp-content\/uploads\/sites\/2\/2018\/06\/the-Exit-of-Western-Companies-From-Iran.jpg\" alt=\"the Exit of Western Companies From Iran\" width=\"800\" height=\"496\" srcset=\"https:\/\/www.ncr-iran.org\/en\/wp-content\/uploads\/2018\/06\/the-Exit-of-Western-Companies-From-Iran.jpg 800w, https:\/\/www.ncr-iran.org\/en\/wp-content\/uploads\/2018\/06\/the-Exit-of-Western-Companies-From-Iran-300x186.jpg 300w, https:\/\/www.ncr-iran.org\/en\/wp-content\/uploads\/2018\/06\/the-Exit-of-Western-Companies-From-Iran-768x476.jpg 768w, https:\/\/www.ncr-iran.org\/en\/wp-content\/uploads\/2018\/06\/the-Exit-of-Western-Companies-From-Iran-696x432.jpg 696w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>By Staff Writer<\/p>\n<p>France, Germany, and Britain have officially asked to be exempt from the sanctions of the United States on Iran.<\/p>\n<p>According to some French news reports (6th June 2018), the France\u2019s Economy Minister Bruno Le Maire, has stated: \u201cFrance, Britain, Germany, and the European Union, have all asked the United States to refrain from applying its sanctions to their business dealings with Iran, which are currently occurring within a legal framework\u201d.<\/p>\n<p>On 6th June 2018, these countries laid out their shared request in a letter to Steven Mnuchin, the Secretary of US Treasury, as well as to Mike Pompeo, the minister of US foreign affairs.<\/p>\n<p>The US Treasury has given the European countries only 90 days to completely cease their businesses with Iran.<\/p>\n<p>Whist the potential sanctions on these countries have not taken effect, their companies have all left Iran; which invalidates their commitment to the nuclear deal with Iran.<\/p>\n<p>In the same French news (6th June 2018), it has been mentioned that: \u201cBoeing has cancelled its aircraft delivery to Iran\u201d. <br \/>Based on an earlier contract between Boeing and HOMA (Iran National Airlines Cooperation), 80 aircrafts were to be delivered to Iran over the course of 10 years. This contract was worth more than 16 billion dollars.<\/p>\n<p>In addition to Boeing\u2019s declaration of its withdrawal from its deal with Iran, a French carmaker named PSA (manufacturer of giants Peugeot and Citroen) also announced its decision to stop investing in Iran. The representatives of the Auto-Parts Association of France also cancelled their upcoming trip to Tehran.<\/p>\n<p>Whilst Trump is narrowing down the legal pathways through which American companies cooperate with Iran, dozens of companies are quitting their businesses with Iran very quickly, to avoid the anticipated crushing sanctions of US, which are scheduled for November.<\/p>\n<p>In a speech held on 21st May 2018 at the Heritage Foundation, Mike Pompeo rattled off a 12-point list of what he referred to as the \u201cbasic requirements\u201d of a new way forward with Iran.<\/p>\n<p>He labelled the previous treaty (from 2015) a \u201closing\u201d deal and emphasised its \u201cmajor negative consequences\u201d. He added that since our agreement to this deal in July 2015, Iran\u2019s regime has only extended its influence and activities across the Middle East; according to him, Iran\u2019s government is the world\u2019s biggest supporter of Terrorism.<\/p>\n<p>Pompeo also emphasised the pressure of these sanctions and that: \u201cAfter our sanctions come into full force, Iran will be battling to keep its economy alive; it must then make a choice \u2013 either fight to keep its economy off life support at home or keep squandering its precious wealth for supporting terrorists and rebel groups of Lebanon, Syria, Iraq, Yemen, and other countries\u201d.<\/p>\n<p>He added: \u201cIt is America\u2019s hope that our labours towards peace and security will bear fruit for the long-suffering people of Iran. We long to see them prosper and flourish as in decades past, and as never before\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Staff Writer France, Germany, and Britain have officially asked to be exempt from the sanctions of the United States on Iran. According to some French news reports (6th June [&#8230;]<\/p>\n","protected":false},"author":10,"featured_media":51537,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[178],"class_list":{"0":"post-24912","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-save"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>A \u201cDomino Effect\u201d in the Exit of Western Companies From Iran - NCRI<\/title>\n<meta name=\"description\" content=\"By Staff Writer France, Germany, and Britain have officially asked to be exempt from the sanctions of the United States on Iran. 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