According to its 2018 annual report, in 2017, Finnvera granted, for the first time in many years, guarantees for exports to Iran. The guarantees were associated with short-term trade financing. At its highest, Finnvera’s Iran-related exposure amounted to more than EUR 60 million. Demand for export credit guarantees ceased in 2018 due to the challenging overall situation and the sanctions imposed by the United States.
"Finnvera and Export Guarantee Fund of Iran (EGFI) signed amemorandum of understanding (MOU) that strengthens cooperation between Finland and Iran to promote trade." (May 2017)
On February 2, 2016 Finnvera issued a press release noting it had “revised its country policy for Iran…. This means that Finnvera can begin to grant export credit guarantees for exports from Finland to Iran.” (Finnvera Website, “Finnvera supports Finnish exporters’ trading in Iran,” 2/25/2016).