EU lifts sanctions against Iran Insurance Company
The European Union has lifted sanctions against Iran Insurance Company following defense presented by the corporation, its Managing Director Javad Sahamian said. The sanctions caused that letters of credit guaranteed by the company were refused by others, but after ease of sanctions the company can work actively in insuring LCs in areas such as freight. Sahamian said the corporation has managed to control sanctions considerably to prevent any great loss and pave the way for more growth.
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