Euro-denominated financing set up by European countries to trade with Iran will not be enough to sustain economic ties with Tehran in the face of US sanctions, an adviser to the French president said. France, Italy and Germany are among countries that had set up export mechanisms designed to avoid dollar transactions and thereby withstand an anticipated renewal of US sanctions. But France's scheme, administered by the bpifrance sovereign fund, was recently put on hold. Following Washington's withdrawal from the Iran nuclear agreement last week, Europe needs a "more global approach to reinforce our legal arsenal" and defend companies doing business with countries under unilateral US sanctions, the official said.
TXF Global 2018: Project Finance
To kick off TXF Global 2018, we'll be bringing together major developers, government procurers and infra investors to focus on project finance markets. Our dedicated Project Finance Day is a must for all infrastructure pro's!