Germany suspends measures to promote business with Iran

Germany suspends measures to promote business with Iran
People take part in a protest against the Islamic regime of Iran following the death of Mahsa Amini, in Berlin, Germany on Dec 10, 2022. (Photo: REUTERS/Michele Tantussi)

BERLIN: Germany’s government is suspending state measures designed to foster business with Iran due to the repression of nationwide protests in the Islamic Republic, the economy ministry said on Friday (Dec 23).

The suspension will affect export credits and investment guarantees as well as Germany’s manager training and trade fair programmes in Iran, the ministry said.

German-Iranian trade totalled €1.76 billion (US$1.87 billion) in 2021.

The death in custody of Iranian Kurdish woman Mahsa Amini, after her arrest by the morality police for violating Iran’s dress code, unleashed years of pent-up grievances in the country over issues ranging from tightening social and political controls to economic misery and discrimination against ethnic minorities.

Source: Reuters/ic