Companies are scaling down their activities in Iran as the new sanctions on the country kick in. EU Affairs and Trade Minister Ann Linde (S) regrets that this is the case, pointing out that Swedish exports to Iran have increased significantly in the past year. “The sanctions will inflict a great deal of damage on Sweden and Swedish companies,” she says, while understanding the reasons for the winding down of business.
“Companies have to make business decisions. And, with US President Donald Trump acting this way, it will be difficult for companies to do differently, if they feel that the sanctions threaten their potential in the US market.”
EU foreign policy chief Federica Mogherini has called for Europeans to increase their business dealings with Iran, a call that the Swedish government supports. “Nevertheless, I believe that the government cannot have views on companies’ business decisions,” says Ann Linde.
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