France

EDAP TMS S.A. (a French company) disclosed that it honored warranty contracts in 2015 related to previous sales of lithotripsy devices (used to treat kidney stones) to three Iranian public hospitals. However, in a departure from previous years, EDAP noted that it did not invoice any medical equipment in 2016.

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According to its Annual Report filed with the SEC for fiscal year 2014: "in 2014 we honored warranty contracts on previous sales of lithotripsy devices to three Iranian public hospitals in order to provide the hospitals with the necessary disposables and services to treat patients with kidney stones using our devices. As part of these warranty commitments, in 2014 we did not invoice any medical equipment to the hospitals."

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According to its Annual Report filed with the SEC for fiscal year 2013: "In 2013 we honored warranty contracts on previous sales of lithotripsy devices to three Iranian public hospitals in order to provide the hospitals with the necessary disposables and services to treat patients with kidney stones using our devices. As part of these warranty commitments, in 2013 we did not invoice  any medical equipment to the hospitals. We intend to continue to honor previous warranty commitments and will provide the necessary parts and disposables to allow patients to be treated with our devices."

Lists an office in Beirut, Lebanon that provides services to Iran.

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CHAUVIN ARNAUX reportedly agreed to exhibit at the 22nd International Oil, Gas, Refining, and Petrochemical Exhibition (the “Exhibition”) that took place in Tehran on May 6-9, 2017.

"French state-owned bank Bpifrance has abandoned its plan to set up a mechanism to aid French companies trading with Iran, in the face of U.S. sanctions against Tehran. Earlier this year, the bank had said it was working on a project to finance French companies that wished to export goods to Iran despite U.S. sanctions. “It’s put on hold,” said Nicolas Dufourcq, Bpifrance’s chief executive. “Conditions are not met (...) Sanctions are punitive for companies.”" (1/24/2018)

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On September 24, 2017, The New York Times reported that Bpifrance “will finance investment projects of French companies in Iran from 2018, granting up to 500 million euros ($598 million) in annual credits.”  (New York Times, “French State Bank Bpifrance to Fund Projects in Iran, CEO Tells Paper,” 9/24/2017). 

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This report followed an earlier article from October 2016, which reported that “officials from the Bpifrance and Export Development bank of Iran (“EDBI”) discussed expansion of ties….”  (Financial Tribune, “Bpifrance, EDBI Discuss Ties,” 10/24/2016).

According to its website – Ervin Danesh appears to have commercial ties with Bio-Logic.

Several banks have announced since the U.S. JCPOA exit a cessation of transactions with Iran: DZ Bank and Allianz of Germany; Oberbank of Austria; and Banque Wormser Freres of France. (Iran Sanctions)

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"May stop Iran trades because of concerns about accessing U.S. dollars." (Benoit Faucon and Sarah McFarlane, "King Dollar Tightens Noose on Iranian Economy," The Wall Street Journal, June 25, 2018.)

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In January 2017, the Reserve Bank of India (“RBI”), based on information obtained from the Indian Embassy in Tehran, named Banque Worms SA (“Banque Worms”) as one of a number of international banks with correspondent banking relationships with Iranian banks.  (RBI Website, “FAQs [Names of International banks which have entered into a correspondent banking relationship with Iranian banks],” 1/19/2017).

Letter was written over participation in the Iran Telecom Innovation October 2017 exhibition. ATDI informed UANI

We didn’t know that CRA Iran was sanctioned in May 2017...we inform you that our company will not participate in the Iran telecom innovations 16-19 October 2017 exhibition.

"VRV attended the Iran Oil and Gas Show focus​ing​ on its significant expertise in delivering quality solutions and services. It has always prided itself on meeting the specific requirements of its clients and this exhibition allowed its team to discuss with customers how be​tter​ supporting them locally now and in the future." (May 17, 2017)

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European exhibitors participating in the 22nd International Oil, Gas, Refining and Petrochemical Exhibition of Iran (Iran Oil Show 2017) believe that there is huge potential for business in Iran’s oil, gas and petrochemical sectors.  G.L. Rangnekar, a director in Italy’s VRV, one of the leading global companies in design and manufacture of pressure equipment for petrochemical, refining, energy and fertilizer industries, said: “It’s like the [Iranian] market is very competitive, it’s progressing. We see Iranian market is a good progressive market and we are committed to this market.” “We have strong presence in Iran. It is the third time we are participating, last two years we were here and we see Iranian market is a good potential business for our group companies”, he noted. Briefing upon their activity in Iran, he said: “There are a lot of petrochemical projects coming up; we see good collaborative ties with the local companies. It’s a big market for us.” When speaking about advantages of Iran for their business, the director said: “There are always good potential, good people, technical skills available; people are very open, they know the subject, they are very focused in what they require.” (Tehran Times, "Europeans see huge potential in Iran's energy market," 5/9/2017).

"Iran’s economy is a mixture of central planning, state ownership of oil, village agriculture, and small-scale private trading and service ventures. So it seems like an unusual outpost for a recruiter. But Alexander Hughes’ Iranian office has now officially opened for business. Shayan Shadfar and Christophe Laurent-Atthalin are managing the new operation. CEO Julien Rozet, Mr. Shadfar and Mr. Laurent-Atthalin said in a joint statement: 'Our offices in Tehran show the very strong interest of the global economic world in the Iranian market. We are proud to be the first global executive search firm returning to Iran to support businesses here in finding top talent for their great ventures in this promising country.'" (Hunt Scanlon Media, "Alexander Hughes Opens in Iran," 2/26/2017).

"Iran’s Rise Investment and Strategy Extension Company (RISECO) and France’s Mecaplast Group signed a joint venture deal on manufacturing auto parts, IRNA reported on Friday. The deal, which was signed by Rise Holding Group’s Chairman of the Board Hamidreza Samadi and Mecaplast’s CEO Pier Boulet in Paris, focuses on production of automotive engine and decorative parts. As Samadi informed, according to the penned deal, 30 percent of the jointly manufactured products will be exported. The signing ceremony was also attended by Iran’s Ambassador to Paris Ali Ahani." ( Tehran Times, "Iranian, French Auto Part Companies Sign Joint-Venture Deal," 2/24/2017).

"According to Jean-Marc PELTIER – Liner Department Manager, Worms Services Maritimes Agency - Le Havre: 'This is a great opportunity offered to the French importers and exporters who wish to develop their trade with Iran. This country, which has around 80 million inhabitants, is a high-potential market, especially regarding the sectors of chemistry, agri-food (flour, milk, etc.) cosmetics, electrical appliances, retail and of course automotive trade as well as Oil & Gas industry.  While world trade with traditional Asian partners is slowing down, promising perspectives with the Iranian market are most welcome.' It’s worth noting that Worms Services Maritimes, HDASCO Line agent for France, is offering 20’ and 40 ‘ dry containers. The agent also provides a conventional service from Northern Europe to the Persian Gulf on inducement." (HAROPA Website, "A New Shipping Service to Iran: The Iranian Shipping Company HDASCO (IRISL Group) Comes Back to Le Havre" 1/18/2017).