Prospects of Iran-Germany Trade Ties Explored by Economic Expert

Germany’s recent announcement that it would suspend trade promotion programs for Iran does not mean severance of commercial ties between Tehran and its longstanding trade partner in the European Union, says Hamid Hosseini, an economic expert.  
“European countries have gone through special economic conditions in the past months. I hardly remember a double-digit inflation rate and months-long rises in expenses in many European countries, but the economic shocks that appeared following the war between Russia and Ukraine have affected Europe’s economy negatively. In the meantime, Germany, the largest economy in the European Union, has experienced a significant pressure, struggling with serious challenges, especially in energy. Higher government spending to support people and lower energy prices are one of the policies that can prolong the difficult situation in this country, thus it is unlikely to completely sever its ties with Iran,” he wrote for the Persian daily Ta’adol
Germany says it is suspending trade promotion programs for Iran, citing the “very serious situation” in the country, referring to recent protests in the Islamic Republic.