Germany is winding down economic aid programs for Iran
Germany’s federal government suspends trade promotion and economic cooperation with Iran.
Про це, як пише Zeit, повідомило Міністерство економіки Німеччини, інформує Цензор.НЕТ з посиланням на Укрінформ.
This was reported by the Ministry of Economy of Germany, Censor.NET informs with reference to Ukrinform, as Zeit writes.
Germany is curtailing aid projects to Iran due to the suppression of protests against the regime. The Ministry of Economy announced that foreign trade financing instruments and economic cooperation will be suspended due to the "very serious" situation in the country. This applies to export credits and investment guarantees, the German-Iranian energy dialogue, the manager training program and the foreign trade program, etc. "Exceptions can be allowed only for humanitarian reasons," the ministry added.
The volume of German-Iranian trade in 2021 amounted to 1.76 billion euros. From January to September 2022, it amounted to 1.49 billion euros.
In reality, the provision of export and investment guarantees to Iran was still suspended. Only in 2016, after the lifting of EU sanctions, these instruments were reopened for a short time. In particular, guarantees were granted or extended for several projects. As of the end of 2018, the German government had no applications for new investment guarantees to make a decision.
