Embarrassing: Siemens' business in Iran surges
Ouch. Siemens has kept a promise not to pursue new projects in Iran. But its existing contracts there underscore how international efforts to curb Tehran's nuclear ambitions have had only limited impact on the state's ability to draw on the technology and expertise it needs to maintain its broader infrastructure.Read the whole thing.
The company's Iranian business also shows how Tehran depends on a powerful tool to maintain its commercial ties to foreign companies. The rules that govern international commerce make it tough for Siemens to sever ties with Iran even if it wanted to.
"Otherwise we could be accused of breaching contracts and face compensatory damages," Siemens CEO Peter Löscher said at the company's shareholder meeting in January.
The U.S. State Department and the European Union declined to comment on Siemens' business in Iran.
The sanctions are having a huge effect, aren't they?
/sarc
Labels: Iran sanctions regime, Siemens
posted by Carl in Jerusalem @ 2:45 AM
3 Comments:
Siemen's is the core of Iran, right? (So to speak.) Stuxnet v. 2.0 will rock!
Yes, SIEMENS' WinCC made Stuxnet possible. Don't ask me if it's because of incompetence, cooperation or if it's an inside job, or all of that together. Hard to say, SIEMENS is huge. Also I wouldn't be surprised if the Germans are playing a a double game with Iran. Fact is that Iran's Busher Reactor is a ruin right now.
SIEMENS: yes, I remember their crematoria.
They were the exclusive and best producers.
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