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French cows herded out of Iran by U.S. sanctions, Senator says

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 A project to export cattle to Iran from Normandy in northern France has been halted due to the United States’ renewed sanctions against Tehran, a French Senator said, as Washington’s policy takes its toll on its European allies.
The sanctions, following U.S. President Donald Trump’s withdrawal from an international accord on Iran’s nuclear program, took effect on Tuesday. They have led many European companies to back out of investments in Iran, including French energy giant Total and car maker Peugeot.

The U.S. measures also blocked the development of live cattle exports after a successful trial last year with Iranian company Seamorgh, said Nathalie Goulet, a senator for the Orne region in Normandy where the cows were bred.
While food and farming sectors are not directly targeted by Washington, the sanctions have made banks reluctant to finance deals, while companies with ties to the United States are afraid of incurring any penalties.
The cattle project, established by several French agricultural groups with Seamorgh in 2016, was set to see a thousand cows of the Charolais beef-producing breed exported following an initial 300 animals in 2017 but is now on hold, Goulet, an active backer of the project, told Reuters.
“On the one hand, the banks have a lot of concerns. The other reason is that intermediaries in the project have issues,” she said, citing the withdrawal of cooperative Agrial, one of the French partners.
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