ThyssenKrupp stops business with Iran
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.
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