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International

Munich Re could pull out of Iran to avoid sanctions

September 21, 2018 Reprints

Munich Reinsurance Co. said that it would withdraw from Iran in case of U.S. sanctions to avoid hampering its operations in the United States, France24 reported citing sources. Several German businesses including automaker Volkswagen A.G. and chemicals company BASF S.E. could wind down their Iranian operations following U.S. sanctions against Iran.

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Munich Re could pull out of Iran to avoid sanctions

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