Wednesday, December 21, 2016

Rolls-Royce exploited loopholes US sanctions on trade with Iran

Rolls-Royce exploited loopholes US sanctions on trade with Iran


https://i.guim.co.uk/img/media/7a2be81130a67ac5c3a4094e19e9f9eed8fa6b86/0_117_2626_1575/master/2626.jpg?w=620&q=55&auto=format&usm=12&fit= max&s=a4aa3d57614aa04e8c40f9aa596da358

Rolls-Royce has sold gear to Iran for many years, a confidential memo uncovers the business making use of a selection of loopholes of the US sanctions, to stay away from violations of the law. The Iranian government has accumulated the world's largest collection of signatures of the British engineering team turbine and purchased millions of pounds of orders annually, based on the briefing made in 2009, the CEO, Sir John Rose. Trades in Iran appears to have led, in spite of the great political risk of being noticed, to stay away from sanctions by the US.

Full article
https://www.theguardian.com/business/2016/dec/21/rolls-royce-exploited-us-sanctions-loopholes-to-trade-with-iran
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