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05 Jun
10:46

PSA suspends production activities in Iran

Following the US withdrawal from the Joint Comprehensive Plan of Action (JCPOA) announced on 8 May, French car maker PSA has begun to suspend its joint venture activities in Iran. This is in order to comply with the US law by 6 August 2018. With the support of the French government however, PSA is engaging with the US authorities to consider a waiver, Kallanish learns from PSA. PSA signed the JCPOA on 14 July 2015. Following the lifting of international san…
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