President Donald Trump's decision to reimpose tough sanctions on Iran unless it takes further steps to curb its nuclear program may have been spurned by the political leadership in Britain, France and Germany, but major companies in those countries are pulling in their horns and canceling deals with Iran that would violate the sanctions.
Siemen's, a key supplier of oil and gas equipment to Iran, now says that it is not accepting new orders in Iran.
The two top container carriers - 2M partners MSC and Maersk Line - are both pulling back from their deals in Iran.
Maersk Tankers says it is no longer making new agreements for loadings in Iran and will wind down its existing contracts before the November deadline.
Do you support the imposition of sanctions against Iran?
The sanctions the U.S. is now enforcing are both primary - on American companies - and secondary - on foreign companies doing business in Iran.
We are, in essence, offering a choice to European and other international companies: Do business with Iran or with the U.S. Since Iran's GDP is only $431 billion and the U.S. GDP is $19.4 trillion - almost 50 times as large - the choice is really easy to make.
https://www.westernjournal.com/dick-morris-europeans-falling-in-line-with-iran-sanctions/
Siemen's, a key supplier of oil and gas equipment to Iran, now says that it is not accepting new orders in Iran.
The two top container carriers - 2M partners MSC and Maersk Line - are both pulling back from their deals in Iran.
Maersk Tankers says it is no longer making new agreements for loadings in Iran and will wind down its existing contracts before the November deadline.
Do you support the imposition of sanctions against Iran?
The sanctions the U.S. is now enforcing are both primary - on American companies - and secondary - on foreign companies doing business in Iran.
We are, in essence, offering a choice to European and other international companies: Do business with Iran or with the U.S. Since Iran's GDP is only $431 billion and the U.S. GDP is $19.4 trillion - almost 50 times as large - the choice is really easy to make.
https://www.westernjournal.com/dick-morris-europeans-falling-in-line-with-iran-sanctions/
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