[ April 19, 2024 ]
Pathetic. How did the UK survive for the decades-long Iranian sanctions? If the UK cannot survive without the blood-drenched jiyza, they are so much worse off than we even imagined.
And while Iran sanctions could cripple British businesses, imagine an American boycott of UK businesses.
Buh bye, Britain.
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Theresa May tells Donald Trump of her concerns that Iran sanctions could cripple British businesses in phone call
- British business has poured billions into Iran since sanctions relaxed in 2015
- Now, Theresa May has urged Donald Trump to consider impact of axing Iran deal
- Rolls-Royce make engines as part of $19billion deal between Airbus and Iran Air
- BP co-owns gas field with Iranians and has bought crude oil from them in past
- Vodafone has done lucrative deal to upgrade mobile and internet infrastructure
- British Airways restarted flights to Tehran after a four-year hiatus in 2016
- UK companies are also building hospitals and world’s largest solar energy plant
By Charlie Bayliss and Stewart Paterson For Mailonline, 12 May 2018
Theresa has urged Donald Trump to consider the impact America’s withdrawal from the Iran nuclear deal would have on British business.
In a phone call to the US president Mrs May reiterated her support for the nuclear deal after Mr Trump vowed powerful sanctions against the Islamic republic.
The 2015 agreement had allowed the lifting of sanctions against Iran, meaning British businesses were able to pour billions of pounds into the Islamic republic.
But President Trump said the deal was not tough enough on Iran and experts have told MailOnline UK businesses could be fined and forced to choose between working in Iran and the US.
President Trump said the deal was not tough enough on Iran and experts have told MailOnline UK businesses could be fined and forced to choose between working in Iran and the US
+12The world leaders spoke over the phone and Mrs May, left, reiterated her support for the Iran nuclear deal and urged Mr Trump, right, to consider the impact America’s withdrawal from the deal will have on British businesses with billions of pounds worth of interests in the Islamic republic
Among the British businesses with interests in Iran are Rolls-Royce, Vodafone and British Airways, which could be forced to pull out of Iran or scrap any lucrative deals with Tehran.
A spokesman for Mrs May said: ‘The Prime Minister reiterated the Government’s position on the Iran nuclear deal, noting that we and our European partners remain firmly committed to ensuring the deal is upheld, as the best way of preventing Iran from developing a nuclear weapon.
‘The Prime Minister raised the potential impact of US sanctions on those firms which are currently conducting business in Iran.’
+12UK companies have been fighting for £450billion of business in Iran (pictured) since crippling economic sanctions were lifted two years ago but many deals may now be in tatters
Donald Trump last night tore up the Iran nuclear deal, which could force Britain’s biggest businesses out of the country
+12Donald Trump last night tore up the Iran nuclear deal, which could force Britain’s biggest businesses out of the country
Trump announces withdrawal of US from Iran nuclear deal
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UK companies have been fighting for £450billion of business since crippling economic sanctions were lifted after the 2015 agreement between the Persian state and the US, UK, Russia,France, China, and Germany.
Since then Vodafone did a deal to improve broadband and mobile internet in Iran, Rolls-Royce agreed to produce jet engines for Iran Air and British Airways re-started its flights to Tehran.
BP has operated a joint gas field in the North Sea with Iran’s state oil company since the 1970s, although it is set to sell its stake to British company Serica Energy for £300million later this year.
Other British businesses are building hospitals, roads and other infrastructure including the world’s largest solar energy farm in the country.
Banks will also be asked not to accept any funds sent via Iran.
Today Iran’s supreme leader Ali Khamenei said he doesn’t ‘trust the UK’ and that Trump will die and his body ‘will be food for worms but the Islamic Republic will continue to stand’.
Trump blasted the Iran deal as a ‘horrible’ agreement as he announced the reinstatement of sanctions
+12Trump blasted the Iran deal as a ‘horrible’ agreement as he announced the reinstatement of sanctions
It is not clear yet how any British firms would be punished but in a clue about what is to come Richard Grenell, Trump’s new ambassador in Berlin and a known ally of the President, said last night: ‘German companies doing business in Iran should wind down operations immediately’.
Boris Johnson is fighting to save the nuclear deal but British business has poured money into Iran since sanctions were relaxed in 2015.
World’s ‘economic policeman’ Donald Trump could force UK businesses to choose between Iran and US
UK companies operating in Iran could be forced to choose between working in Tehran or the US, experts said today.
Donald Trump will also have the power to levy huge fines and pressure banks not to accept cash out of Iran after bringing back sanctions.
Details of how UK businesses will have to change will emerge in the coming days but Richard Grenell, Trump’s new ambassador in Berlin said last night: ‘German companies doing business in Iran should wind down operations immediately’.
Alexandra Renison, Head of Europe and Trade Policy at Institute of Directors, told MailOnline businesses are right to be ‘very worried’ about the consequences.
She said: ‘The message sent by the new US ambassador to Germany is very worrying given that there were a number of companies already operating in Iran
‘To issue an ultimatum that non-US companies should divest completely from the country sets a seriously concerning.
No business wants to pull out of a multi-million pound investment altogether, but the US Government has a record of robust enforcement –particularly with banks to date.
‘Most of them have American branches and so are at risk of being forced to choose between offloading their operations in the US or Iran’.
She added: ‘It may be that discussions between Washington, Brussels and European capitals in the coming days provide further clarity about whether there will be any waivers or exemptions for individual firms’.
French Finance Minister Bruno Le Maire told French radio that Trump’s decision on Iran was a mistake and that the United States should not consider itself as the world’s ‘economic policeman’.
Former WPP boss Sir Martin Sorrell called Iran ‘one of the last great untapped opportunities for global business’.
The Rhum North Sea gas field has been co-owned by BP and Iran’s state oil company since the 1970s.
It started producing gas in 2005, but this was suspended in 2010 due to sanctions.
With the support of the UK government, an agreement was put in place that allowed production to resume in 2014 while still complying with sanctions.
In 2016 the US Treasury renewed the licence to keep operating their joint gas field in the North Sea, and this was again renewed last year.
BP was also reported to have bought crude from the National Iranian Oil Company (NIOC).
It is about to sell Rhum in a £300million deal with Serica Energy, who will also pay for two other gas fields.
The deal is expected to close in the third quarter of 2018 and sent Serica’s shares tumbling today.
A Serica spokesman said: ‘The Company is evaluating the implications of these statements and how they relate to the Rhum field in which the Iranian Oil Company (UK) is a 50 per cent partner. We will update the market, as appropriate, in due course.’
In December 2016 Rolls-Royce welcomed a $19billion deal between Airbus and Iran Air for the supply of 100 aircraft, which they make the jet engines for, including 16 Airbus A350s.
Britain’s Vodafone, the world’s second-largest mobile phone company, did a deal with HiWEB in Iran to improve its broadband and mobile network infrastructure.
With a young population and high levels of mobile ownership, Iran is seen as an opportunity for telecoms companies seeking to expand into frontier markets.
A spokesman said today they are ‘monitoring the situation’.
Two years ago British Airways relaunched direct flights to Iran following the lifting of sanctions.
The carrier operates six flights per week between London Heathrow and Tehran, which was suspended in October 2012.
A spokesman said today: ‘We constantly review our network to ensure that our routes match our customers’ needs and are commercially viable. We are in regular contact with the Foreign and Commonwealth Office.’
And a Rolls-Royce spokesman said: ‘We are examining the announcement and its potential implications.
‘We conduct business in all countries, including Iran, in accordance with all relevant UK, EU or other national sanctions and export control regulations.’
British businesses have also tapped into Iran’s medical, energy and engineering sectors.
International Hospital Group (IHG), a leading international healthcare services company based in Britain, signed an agreement worth £1.8 billion ($2.1 billion) with Iran to finance the construction of a network of cancer centres in the country.
A London-based investment fund agreed a deal to build one of the world’s largest solar power projects in Iran by 2020.
The deal between Quercus and Iran’s Ministry of Energy is worth over £440million.
Rolls-Royce is helping to make engines for Iran Air for the supply of 100 Airbus aircraft
BP has operated the joint Ruhm gas field in the North Sea (pictured is the neighbouring Bruce field ) with Iran’s state oil company since the 1970s, although it is set to sell its stake to British company Serica Energy for £300million later this year
Britain’s Vodafone, the world’s second-largest mobile phone company, did a deal with HiWEB in Iran to improve its broadband and mobile network infrastructure (a HiWeb advert in Tehran)
The deal between Quercus and Iran’s Ministry of Energy is worth over £440million and will see Iran’s sunny climateThe deal between Quercus and Iran’s Ministry of Energy is worth over £440million and will see Iran’s sunny climate (pictured)
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56 Comments
5 years ago
Joseph Stalin was right about capitalists There is an ugly side of capitalism. Stalin stated that if you give capitalists enough rope to hang themselves, capitalists will sell you the rope to hang themselves. Here we have the E.U. set up to topple U.S. economic strength and world position doing business with our mutual enemy for money. People forget that was the purpose of setting up the E.U. over take the U.S. in power – economically and politically.
The E.U. and the U.K. are financing their demise as they take in MUSLIM terrorists into their country. Clearly, Muslims have elevated status to keep the lucrative MUSLIM money coming into their country to boost their economy! What makes them think, Iran and other terrorist financing countries will not turn on them outside of the MUSLIM invasion already happening in their own countries? Muslim countries will topple them! Idiots!
5 years ago
Reply to
felix1999
Any self respecting British citizen must really chafe at hearing, “…may be that discussions between Washington, Brussels and European capitals…”, lol! The UK is neutered, should have jumped on Brexit!
5 years ago
Reply to
Thomas Faddis
The U.K. patriots tried. They voted for BREXIT. Like here, their CORRUPT officials are not doing what the voters want. Look at D.C.. We want a WALL, Did the swamp FUND the wall? NO! We need more ICE people. Did D.C. fund that? NO! Trump is doing his best to keep his promises but he is not a dictator.
D
5 years ago
Reply to
felix1999
They clearly didn’t understand the structure in USA and all its problems, when they set up the structure of the EU.
5 years ago
…I heard campaign Trump.
…I heard President Trump.
…I saw promises kept.
…brits chose their own fate 2015 to now!
5 years ago
Reply to
Tory Harvey
Agree. These stupid Brit politicians are willing to allow their little daughters be gang raped and keep quiet about it to please islamic savages , so its not surprising they support the nuke deal to keep making money while iranians use the money to fund jihadis and become a nuke threat for the region and the world.
Sharia Police in Uk are not willing to protect those who speak truth about islam https://tinyurl.com/ya6j3phj
Instead go after those who expose the jihadi crimes and oppose their Left/Liberal supporters !
5 years ago
Reply to
Suresh
UK Police go after and jail those who protest muslim gang rapists and other crimes http://bit.ly/2r6F3cp
5 years ago
As if it makes any difference, any money made from iran will be plowed back into islam in the Useless Caliphate. britain used to be a nation of shop keepers, time to get out in the marketplace and peddle your goods. The days of monopolies to totalitarian and islamic states are over. China will pick up what you can’t handle, best you expand your horizons. Forcing islam and sharia on england are not the way to do it. Free markets and free citizens are what make a nation, not sales to deadbeat dictatorships who’s ability to pay is very questionable. Definitely not self anointed monarchies like the european union.
5 years ago
THERESA MAY TELLS DONALD TRUMP OF HER CONCERNS THAT IRAN SANCTIONS COULD CRIPPLE BRITISH BUSINESSES IN PHONE CALL
as the song goes…”with a little bit a luck”….
5 years ago
Reply to
mackykam
No, it’s a different song…and it’s gonna take a Lot more than a spoonful! (of sugar)
D
5 years ago
Could cripple British businesses?
When you sleep with the devil……
D
5 years ago
What about a nuclear explosion in London?
I wonder if Miss May thinks that could cripple British Businesses?
D
5 years ago
Reply to
TD
Or how about a commercial airliner from Iran crashing into Big Ben? Will that get the message across for her?
5 years ago
Engineer a collapse of the Iranian regime and the deals can remain “in place”. The young don’t want the religious idiots, they want a western free lifestyle, keep the baby but chuck out all the dirty water.
5 years ago
Reply to
Poppey
Why keep any deal in place? Seriously, the US should have no say-so with what the UK, and its EU brethren do. Let them do business with Iran. We really don’t need to do business with the EU .. and since the UK hasn’t left … almost TWO years, following BREXIT … lump them in there, as it doesn’t look as if they’ll ever leave.
5 years ago
Reply to
Achmed Mohandjob
If BREXIT doesn’t happen we’ll all know the the United Kaliphate is a democracy in name only — just like the entire muslum world.
5 years ago
Reply to
IzlamDownpressesHumanity
I stand with the brave and righteous patriots, whether in the UK, Europe, Canada, or the US … in their fights (plural) against the moslem vermin. I can only offer sympathetic support and minimal contributions of small monies to them. In the US … I fight, as being an old fart … I ain’t got much too lose.
5 years ago
Reply to
Poppey
I’m hoping that’s Exactly Trump’s plan, let them have the taste of what they’re missing that obama so graciously gave them ,then pull the rug Out and state: There ya go Persians! Either boot out the violent, terrorist supporting religious fanatics or continue to SUFFER!
5 years ago
What’s with the comment ban, Geller? Whatever.
5 years ago
Reply to
Ebayer
There are plenty of websites out there. Don’t need this one. It is telling though how she complained about censorship from Twitter and Facebook. LOL
I’m gone…
5 years ago
The British care for Muslims more than Americans, it seems.
5 years ago
Stupid woman, she must be doing business with Iran illegally, same with Macron, Merkel and the rest of those who oppose quitting the nuclear deal. It’s another shameful repeat of history with Middle Eastern dictators, Saddam Hussein did this same trick and the Mullahs are involved with this scheme to.
If anything, we shouldn’t be trading with the European Union.
5 years ago
The trouble is you are feeding and aiding the WILD MAN who say they hate America and Israel and are planning on NUKING it sometime in the future, and probably you too.
A nuke for Israel and an EMP for America. So, I gotta ask you, are you NUTZ???
5 years ago
PM May had better wake up and smell the dog sh*t. A nuclear Iran, with all its negatives, could well threaten more than just the business sector in the UK, as in life itself.
In case she needs a reminder, she should watch a DVD of “Mrs. Miniver”(’42) about the Battle of Britain fomented by the Nazis.
5 years ago
PM May forgets that the muslims are wrecking businesses with their demand for halal and turning away customers because it “might” annoy the muslims.
Screw them, and screw her as a worthless politician.
5 years ago
GB died years ago.
5 years ago
Is this the same person who doesn’t want Pres. Trump in GB ? The same one who has let animals invade GB? She is no better than Merkel and Macron. And the future king is no better. But the people elected them.
5 years ago
TOUGH !!!! THEY SHOULDN’T HAVE BEEN DOING BUSINESS WITH THE VERY PEOPLE WHO WOULD KILL THEM GIVEN THE CHANCE.
5 years ago
Sorry but no, zero sympathy for May. UK doing business with Iran is NO different than Merkel/Germany doing business with Russia and Siemens giving Gas Turbines to generate electricity in illegally annexed Crimea in spite of sanctions. Seems May, Merkel, Macron should be worrying about the Islamization of Europe as well outlined in the book of years ago, Eurabia, by Bat Yeor.
5 years ago
Reply to
Steve
Required reading. but I doubt one in ten thousand have read it ( that would be 6,500 readers by the way).
5 years ago
Reply to
Badger
I can see a day when Amazon will ban the sale of books deemed offensive to muslums — as they have already banned the sale of halloween costumes deemed offensive to muslums. I believe Amazon now constitutes the largest seller of consumer books.
5 years ago
Reply to
Badger
Check your math honeybadger, lol! You’re off a couple orders of magnitude! (if you’re talking the planet)
5 years ago
Reply to
Thomas Faddis
Do I really have to explain I was referring to the population of the UK?
sigh . . .
5 years ago
Reply to
Badger
Yes, since your whole comment makes no sense WITHOUT that little tidbit, thx!
5 years ago
Well, Theresa, as the Russians say, “TUFFKI SHITSKI!” You made your bed. Now sleep in it.
5 years ago
Didn’t somebody claim that BREXIT would cause the crippling of British businesses?
If you never grow your own spine, then everybody else’s whims and feelings shall keep blowing you around.
5 years ago
Reply to
Joseph O Morrow
How did we come to this? It doesn’t seem that long ago that we took back the Falklands. I remember it well. We have come a long way down since then.
5 years ago
Reply to
Badger
“a long way DOWN”?
Britain is still a little less than that Empire upon which the sun never set. Self-loathing has been the main factor bringing down much of the west today from within, supposing that we have been bad for the world instead of good. Much good!
5 years ago
Theresa May is a shameful embarrassment to many Brits. She doesn’t give a toss that when Iran gets its bomb the first target will be Israel. Why should she? She is one of Israel’s many enemies. She votes against them in the UN. And against America.
She is also so stupid that she ignores the fact that Iran’s ballistic missiles will soon have the range to hit London. But that doesn’t worry her because she tells us islam is a religion of peace. It doesn’t worry her, but it scares me.
America and Israel must destroy Iran’s nuclear programme and I don’t give a dam how many Iranians die. The population of Teheran is not worth the life of a single English child. Something May knows nothing about. I only wish we had a significant contribution to make to Iran’s take-down.
5 years ago
The dying atheist West isn’t about freedom and democracy anymore it’s about muslum petropounds, petroeuros, petrofrancs and petrodollars otherwise known as the muslum Mammon.
5 years ago
They’re trying to take a page from obama’s shitbook: if we jump whole hog into an illegal And immoral activity, then if we get away with it for a few months, that Makes it now Legal and Moral ,right? We and Trump, of course, must now gently tell them: NO IT DOESN’T YOU CORRUPT C*CKSUCKERS!!
