France opens a credit line for Iranian clients of French exporters, report Reuters. The line will avoid US dollar and any US passport holder, confirms the state-owned investment bank, Bpifrance. Credits will be available in May or June 2018. Bpifrance increased its export credits to 186 million euros in 2017, from 30 million euros in 2016, and plans to reach 400 million euros in 2018, says the report.
Read the original article: France to finance exports to Iran to sidestep U.S. sanctions
More than 305 thousand barrels of oil was produced per day at West Karoun oilfields in southwest of Iran over the month of Dey, i.e. late December to late January; nearly double as much as […]
Airbus confirms that Iran will receive the jets it has ordered after the nuclear deal, but it may takes longer as predicted, reporter Reuters. European planemaker Airbus and its U.S. rival Boeing have agreed to […]
After the nuclear-related sanctions on Iran were lifted in 2016, French carmakers managed to resume their activities in the country almost immediately. This week, Reuters reported that French carmaker PSA’s (PEUP.PA) global sales jumped by […]
All rights reserved to Iran Economy in Brief