Iran and its international relations
Almost all countries – the USA and Israel being the exceptions – have diplomatic relations with Iran. Many European countries also have sizeable business interests in Iran, notably in the oil and gas sectors. Some of the energy companies doing business in Iran are state-owned.
WJC Policy
Governments should not encourage or support companies seeking new business contracts in Iran, above all not with state-owned Iranian companies.
Unless key industries such as oil and gas are affected, UN sanctions are unlikely to be effective.
Governments should not help companies in their respective countries to clinch deals with Iranian firms.
Existing contracts with Iran should be suspended until the regime in Tehran accepts all UN demands on its nuclear program and stops threatening Israel.
Business deals with Iran which contravene the spirit or letter of the UN sanctions regime need to be exposed.
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WJC Policy on Iran
Iran Update is a regular publication prepared for the member communities, affiliates and organizations of the WJC.