Posted by The Crux |
France recently called on its nation's industries to boycott investment in Iran (Financial Times). In the U.S., doing business with Iran has been illegal for decades. Dick Cheney must not have understood that back when he was CEO of Halliburton (1995-2000), which was doing business in Iran through foreign subsidiaries (companies that Halliburton incorporated in the Cayman Islands or other locales). But that's history. A recent article at Truthout states:
"Several French companies in the automobile, energy and financial sectors - including Peugeot, Renault, Total, BNP Paribas and Societé Générale - have hardly reduced the level of business they do with Iran, according to the Foreign Ministry data. German exports to Iran, in contrast, have dramatically declined.
"Even more explosive is the data that reveals US hypocrisy over sanctions. The German Foreign Ministry accuses American firms of bypassing the boycott against Iran, which has been in place since 1979, by creating front companies in Dubai to carry out their business. German politicians have long internally accused the United States of knowingly tolerating the practice."
See the rest of the story.
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