German exports to Iran halve in first half as U.S. sanctions bite

German exports to Iran halve in first half as U.S. sanctions biteGerman exports to Iran fell by nearly half in the first six months of 2019, data showed on Monday, suggesting companies are scaling back business ties with Tehran to avoid trouble with the United States after Washington reimposed sanctions. Sales to Iran plunged by 48% to 678 million euros ($758.8 million) from January through June year-on-year, data from the Federal Statistics Office reviewed by Reuters showed. Imports from Iran declined by 43% to nearly 110 million euros.




from Yahoo News - Latest News & Headlines https://ift.tt/2ZVoFJN
via Latest News

Comments

Post a Comment

Popular posts from this blog

5 new Google gadgets that leaked ahead of the company's big October event

Image
5 new Google gadgets that leaked ahead of the company's big October event    Business Insider Animation reveals possible Google Pixel wireless charging stand    The Verge Google app 8.22 details Pixel Stand, Assistant Household, & preps Podcasts auto-downloads [APK Insight]    9to5Google [Exclusive] Google Home Hub To Be Launched On October 9; A Smart Speaker with 7-inch Display    MySmartPrice Gear Full coverage from Technology - Google News https://ift.tt/2I4HOB1 via Technology
Read more