According to Yedioth, the Iranian investments in ThyssenKrupp began in the 1970s, during the era of the Shah. Tehran invested some $400 million in the German company,
A holding company, IFIC provides financing and financial services and makes investments around the world. IFIC has iterests in energy, mining, oil, gas and petrochemicals, as well as new and future technologies.
Sanctions experts routinely point out that Iran cannot repatriate most of these funds, and see this as proof that sanctions have been successful. While there is no doubt that such restrictions are a problem for the Islamic ...
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