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PARIS: France's PSA said Monday that it would pull out of two joint ventures to sell its cars in Iran to avoid the risk of US sanctions after Washington decided to withdraw from a key nuclear deal with Tehran.

"The group has begun to suspend its joint venture activities, in order to comply with US law by August 6, 2018," the automaker said in a statement.

Copyright AFP (Agence France-Press), 2018
 

 

 

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