Volkswagen agrees pull-out from Iran to comply with US sanctions – reports

Volkswagen agrees pull-out from Iran to comply with US sanctions – reports

Weeks of negotiations with the Trump administration have ended with carmaker Volkswagen (VW) agreeing to cease most of its operations in Iran, said US Ambassador to Germany Richard Grenell, as cited by Bloomberg. “Volkswagen has told us they will comply with US sanctions on Iran,” said Grenell, adding: “We are pleased with this decision because Iran diverts its economic resources away from its people to spread violence and instability across the globe.”

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