Germany Suspends Iran Trade Programs as EU Cites Worsening Ties
- Guarantees for loans and investments have been dormant
- EU envoy has condemned Iranian ‘repression’ of protesters
Shipping containers at the port in Bandar Imam Khomeini, Iran.
Photographer: Ali Mohammadi/BloombergThis article is for subscribers only.
Germany said it’s suspending trade-promotion programs for Iran, citing the “very serious situation” in the country.
The suspension — days after the EU’s top diplomatic representative said relations with Iran were deteriorating — affects loan and investment guarantees that opened up in 2016 after Iran’s nuclear agreement, but have been dormant since at least 2019, the Economy Ministry in Berlin said in a statement Friday.