{"id":11734,"date":"2018-08-16T15:25:46","date_gmt":"2018-08-16T15:25:46","guid":{"rendered":"http:\/\/qatar-news.org\/qatarnewsEn\/?p=11734"},"modified":"2018-08-16T15:25:46","modified_gmt":"2018-08-16T15:25:46","slug":"german-firms-end-iran-projects-amid-new-us-sanctions","status":"publish","type":"post","link":"https:\/\/qatar-news.org\/qatarnewsEn\/?p=11734","title":{"rendered":"German firms end Iran projects amid new US sanctions"},"content":{"rendered":"<div data-io-article-url=\"http:\/\/www.arabnews.com\/node\/1357451\/middle-east\" readability=\"53\">\n<p>\nBERLIN: German rail operator Deutsche Bahn and Deutsche Telekom are ending projects in Iran after Washington imposed new sanctions against Tehran and said firms doing business with Iran would be barred from doing business with the United States.<br \/>New US sanctions against Iran took effect last week and several European companies have suspended plans to invest in Iran in light of the US sanctions, including oil major Total as well as carmakers PSA, Renault and Daimler.<br \/>State-owned Deutsche Bahn is involved in two projects in Iran via its subsidiary DB Engineering&#038;Consulting, a spokeswoman said on Thursday.<br \/>\u201cBoth projects will be ended in August and September 2018 respectively,\u201d she said. \u201cDue to the altered banking practice we have sought to bring the contract to an amicable and timely conclusion.\u201d<br \/>Deutsche Bahn signed a memorandum of understanding with the Iranian rail operator Bonyad Eastern Railways (BonRail) in May 2017 for the first project, which aimed to identify and address potential in rolling stock and organization, she said.<br \/>The second project, which started around 1-1\/2 years ago, was a consulting contract for Iranian state railway RAI that included restructuring the company, the spokeswoman added.<br \/>Separately, Detecon, a subsidiary of T-Systems \u2014 Deutsche Telekom\u2019s IT services arm \u2014 has terminated its business in Iran, a spokesman said. Detecon offers consulting services to companies in the telecommunications industry.<br \/>\u201cUntil the decision to stop operations was made, sales in Iran in 2018 amounted to around \u20ac300,000,\u201d he said.<br \/>\u201cGiven the sensitivity in relations with Iran worldwide, Detecon ended its business in Iran with immediate effect in mid-May 2018.\u201d<br \/>The ending of Telekom\u2019s involvement in Iran followed soon after the announcement that its US unit, T-Mobile, would buy Sprint Corp. in a $26 billion deal that remains subject to the approval of US regulators.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>BERLIN: German rail operator Deutsche Bahn and Deutsche Telekom are ending projects in Iran after Washington imposed new sanctions against Tehran and said firms doing business with Iran would be barred from doing business with the United States.New US sanctions against Iran took effect last week and several European companies have suspended plans to invest&hellip;<\/p>\n","protected":false},"author":10,"featured_media":11735,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-11734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-middle_east_news"],"_links":{"self":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/11734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11734"}],"version-history":[{"count":0,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/posts\/11734\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=\/wp\/v2\/media\/11735"}],"wp:attachment":[{"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qatar-news.org\/qatarnewsEn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}