Economics
Iran Pays German Export Debt, Opening Path to Renewed Trade Ties
- Outstanding German claims were roadblock to deeper links
- Gabriel calls payment ‘important step’ in economic relations
This article is for subscribers only.
Iran has paid off outstanding export-credit debt to Germany, paving the way to open renewed trade ties between the two countries after last year’s nuclear agreement scaled back sanctions on Iran.
“This is a further important step to revive our economic relations,” Sigmar Gabriel, German economy minister and vice chancellor, said in a statement on Monday.