“No other Western country has been harmed as a result of Iran sanctions as much as France, which a decade ago was Iran’s fifth-largest trade partner. Between 2005 and today, French exports to Iran have shrunk 60% from 2 billion euros (US$2.6 billion) to 800 million euros. US exports to Iran – of computers, cellphones, soft drinks for example – have increased by 50% during the past two years. The French oil giant Total last month was forced to pay a US$400 million fine to the US to end a prosecution in connection with oil contracts in Iran. In 2012, French car maker Peugeot folded business in Iran after 35 years, thus losing the company’s largest foreign market.”

http://www.atimes.com/atimes/Middle_East/MID-01-270613.html

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