Iran’s cement industry after the sanctions
The lifting of economic sanctions paves the way for an improved economic development in Iran. This article provides an overview of the economic outlook for Iran, the situation of the cement industry and the kind of opportunities that exist for the industry and its suppliers.
1 Iran sanctions after Implementation day
On 16.01.2016, which is called the Implementation day, the European Union, the United States and the United Nations lifted a number of sanctions targeting Iran. While the EU lifted the economical/financial sanctions and most of the restrictions on trade with Iran, the US only lifted the so-called secondary sanctions for non-US financial institutions, which means that the US embargo on Iran and US dollar clearing restrictions remain in place. So, non-US banks may be able to do business in Iran, but will still be unable to be paid in US dollars. However,...