Withdrawn

Diacron participated in the Iran-Italy Summit 2017 (“the Summit”), that took place in Rome, Italy on November 27, 2017. The
Summit was held in cooperation with the Tehran Chamber of Commerce, Industries Mines and Agriculture (“TCCIM”). (The European House Ambrosetti, “Iran-Italy Summit”),

--

According to its website: "The Diacron group has been present in Iran since 2016, after years of experience and networking in this country that led, among other things, to the publication of the How to do business guide in Iran. 100 questions, 100 answers . At the Bra Seminar he will participate with an intervention by Lorenzo Bagnoli on corporate and tax aspects in investments."

Česká confirmed to the media in April 2016 that it has reentered the Iranian market, explaining that “[w]e try to support the export activities of our corporate customers.”  (Banks EU, “ČSOB and Česká Spořitelna first among Czech banks to resume their work with Iran,” 4/7/2016).  Further, Česká’s website relates that Deputy Head of Correspondent Banking, Barbora Procházková, is responsible for contact with banks in Iran.  (Česká website, “Contacts”). 

--

Sub. Of EGB Ceps Holding

Cabot has no commercial ties with the sanction-designated Iranian entity, Ervin Danesh Aryan Company (“Ervin Danesh”); does not intend to initiate business with Ervin Danesh; has not authorized the use of the Cabot logo or name by Ervin Danesh, and; following UANI’s letter, will take substantive steps to rectify the advertised but false impression of business ties between Cabot and Ervin Danesh, including by issuing a “cease and desist” notice to Ervin Danesh demanding they remove “all references to Cabot and its products from their website.” We also note that Cabot “is not currently engaging in any sales of products into Iran.” 

"French state-owned bank Bpifrance has abandoned its plan to set up a mechanism to aid French companies trading with Iran, in the face of U.S. sanctions against Tehran. Earlier this year, the bank had said it was working on a project to finance French companies that wished to export goods to Iran despite U.S. sanctions. “It’s put on hold,” said Nicolas Dufourcq, Bpifrance’s chief executive. “Conditions are not met (...) Sanctions are punitive for companies.”" (1/24/2018)

--

On September 24, 2017, The New York Times reported that Bpifrance “will finance investment projects of French companies in Iran from 2018, granting up to 500 million euros ($598 million) in annual credits.”  (New York Times, “French State Bank Bpifrance to Fund Projects in Iran, CEO Tells Paper,” 9/24/2017). 

--

This report followed an earlier article from October 2016, which reported that “officials from the Bpifrance and Export Development bank of Iran (“EDBI”) discussed expansion of ties….”  (Financial Tribune, “Bpifrance, EDBI Discuss Ties,” 10/24/2016).

Several banks have announced since the U.S. JCPOA exit a cessation of transactions with Iran: DZ Bank and Allianz of Germany; Oberbank of Austria; and Banque Wormser Freres of France. (Iran Sanctions)

--

"May stop Iran trades because of concerns about accessing U.S. dollars." (Benoit Faucon and Sarah McFarlane, "King Dollar Tightens Noose on Iranian Economy," The Wall Street Journal, June 25, 2018.)

--

In January 2017, the Reserve Bank of India (“RBI”), based on information obtained from the Indian Embassy in Tehran, named Banque Worms SA (“Banque Worms”) as one of a number of international banks with correspondent banking relationships with Iranian banks.  (RBI Website, “FAQs [Names of International banks which have entered into a correspondent banking relationship with Iranian banks],” 1/19/2017).

"Bank Alpinum terminates business dealings with Iran - including those that are not affected by the current Iran sanctions, but where the client lives in Iran. This was decided by the Board of Directors in mid-March, as the bank announced on Friday." (5/24/2019)

--

In January 2017, the Reserve Bank of India (“RBI”), based on information obtained from the Indian Embassy in Tehran, named Bank Alpinum AG (“Bank Alpinum”) as one of a number of international banks with correspondent banking relationships with Iranian banks.  (RBI Website, “FAQs [Names of International banks which have entered into a correspondent banking relationship with Iranian banks],” 1/19/2017).

--

Bank Alpinum has agreed to speak at the Impulse Event: Iran in Biel, Switzerland on June 29, 2017.  (S-GE Website, “IMPULSE EVENT: IRAN”). 

Letter was written over participation in the Iran Telecom Innovation October 2017 exhibition. ATDI informed UANI

We didn’t know that CRA Iran was sanctioned in May 2017...we inform you that our company will not participate in the Iran telecom innovations 16-19 October 2017 exhibition.

AMEL has no commercial ties with the sanction-designated Iranian entity, Ervin Danesh Aryan Company. 

Aleastur's website notes that the company and "its suppliers, customers, agents, distributors, supplied Companies, freight forwarders, forwarding agents, logistic Companies, clients, and any other kind of collaborator of ALEASTUR group" are prohibited from engaging in business with Iranian entities.

--

We noted the attendance of Asturiana de Aleaciones, S.A. (“Aleastur”) at the 4th International Iran Aluminium Conference (the “Conference”) on May 11-12, 2016 in Tehran.  Aleastur confirmed to UANI it is not considering any investments or any other undertakings in Iran nowadays, nor in the future.

Following discussions with UANI in July 2017 over reported operations in the Iranian market, Swiss-based manufacturing company confirmed it terminated its Distribution Agreement with the Iranian company Ramor Group and is no longer distributing products to the Middle East.