Siemens to Resume Transformer Supply to Iran
Siemens to Resume Transformer Supply to Iran: Germany’s Siemens plans to resume providing power transformers to Iran, the commercial director of its licensed production company says, attributing the development to Iran’s nuclear deal with six world powers.
“Given the need for communications with Siemens, [international] sanctions inflicted heavy damage on our company (which was established 50 years ago under Siemens license),” he added.
He said his company buys raw materials from Germany, Sweden and India, which became impossible under sanctions.
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