German exports to Iran halve in first half as U.S. sanctions bite

German exports to Iran fell by nearly half in the first six months of 2019, data showed on Monday, suggesting companies are scaling back business ties with Tehran to avoid trouble with the United States after Washington reimposed sanctions. Sales to Iran plunged by 48% to 678 million euros ($758.8 million) from January through June year-on-year, data from the Federal Statistics Office reviewed by Reuters showed. Imports from Iran declined by 43% to nearly 110 million euros.

from Yahoo News - Latest News & Headlines https://ift.tt/2ZVoFJN