ThyssenKrupp stops business with Iran
ThyssenKrupp AG has resolved with immediate effect not to enter into any new contracts with Iranian customers.“By halting business with Iran we are supporting the sanctions policies of the Federal Republic of Germany, the EU and the USA,” said Dr. Ekkehard Schulz, Executive Board Chairman of ThyssenKrupp AG.
ThyssenKrupp had previously instructed all Group companies, including engineering contractors such as Uhde, to comply with the stricter US sanctions against Iran (Iran Sanctions Act).
The latest Executive Board decision prohibits all new business with Iran and thus goes beyond the current sanctions measures, which relate primarily to the petroleum sector (oil and gas). Existing Group interests in Iran are to be terminated as quickly as possible. The Executive Board decision is to be implemented in the Group immediately.
Most read news
Other news from the department business & finance

Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.