Deutsche Telekom and Deutsche Bahn leave the Iranian market in connection with US sanctions

Sanctions imposed by the United States against Iran led to the withdrawal from the Iranian market of the German communications service provider Deutsche Telekom and the Deutsche Bahn railway concern, finversia.ru wrote with reference to the message of the German weekly business news magazine. In May, Deutsche Telekom, in which the state owns 32%, already closed all Iranian projects. Deutsche Bahn, 100% owned by the state, said that it intends to close the projects before the end of September. A representative of Deutsche Bahn noted that the reason for leaving Iran was “a changed banking practice”. It is noted that earlier the Daimler concern also stated about the suspension of work in Iran in connection with the introduction of US sanctions.

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