France Plans Loans for Companies Investing in Iran

By John Lee.

The French Finance Minister Michel Sapin (pictured) has that France plans to issue direct loans to companies that want to invest in Iran.

At a joint press conference in Tehran with his Iranian counterpart, Ali Tayebnia, he said:

“We are trying to help these companies … They wil be able to apply for loans, but it’s not active yet. We are working on this.”

Bloomberg quotes Sapin as saying that he is “confident” that banking relations between France and Iran will be normalized, and he was seeking clarification from the U.S. government on the extent to which its sanctions will impact French banks working with Iran.

(Source: Bloomberg)

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