The Trump administration has persuaded German car maker Volkswagen to comply with sanctions on Iran and end almost all of its business in the country, a little more than a year after it returned to the Iranian market according to Bloomberg.
Volkswagen’s exposure to the Iranian market isn’t large, the company’s decision is a symbolic blow that will only further undermine the European Union’s argument that Iran should remain in the nuclear agreement US Ambassador to Germany Richard Grenell, who led discussions with the Wolfsburg-based company. said on Wednesday that Volkswagen will still be allowed to do some business in Iran under a humanitarian exception.