EU adviser: German companies should be careful while investing in Iran
Azerbaijan , Baku, April 1 / Trend, A.Yusifzade /
The EU adviser for economic affairs believes that German and European Union companies should be very careful in attracting investments in Iran because of the privatized sector of Iran may in fact be associated with the Revolutionary Guards, the government and ministries.
Basically, the federal government would like to clarify the circumstances under which German companies can expect support from the federal government to implement activities under the projects in Iran, EU adviser for economic affairs Mehrdad Emadi told Trend in a telephone conversation .
At the moment, investments in Iran by German corporations and entities are subject to two restrictions. One of the restrictions is imposed by the United Nations and aims to limit Iran's ability to develop a military nuclear energy program, Emadi said.
The second restriction was imposed by the European Union, Emadi added.
"Recently, the German government has decided at the Federal level to qualify the plan and rules that should govern the behavior of German firms in order to guarantee and protect the interests of Germany as well as for insurance companies to properly assess the risks that do not restrict the sanctions against Iran," Emadi said.
Germany is the leading economy of the European Union in terms of manufactory, industrial and capital goods, which are crucial for the renewable and regeneration of oil and gas industries in Iran, Emadi stressed.
"The U.S. government decision which regards to implement the sanctions against those companies which attract over $20 million in Iranian economy, especially in gas and oil sector, has had a long term objective basically aimed to reduce the ability of Iranian government to transact investment agreements with large corporations which are crucial in terms of technology transfer to oil and gas industry which more than 25 years has been suffering from lack of energy investment that would be able to renew the technology of these industries," Emadi said.