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French shipping group CMA CGM drops Iran over US sanctions threat: CEO
AFP via Breitbart ^ | July 7, 2018

Posted on 07/07/2018 5:39:01 AM PDT by GonzoII

Aix-en-Provence (France) (AFP) – The world’s third largest shipping container firm CMA CGM has decided to withdraw from Iran due to the threat of US sanctions, its Chief Executive Rodolphe Saade said Saturday.

“Because of the Trump administration, we have decided to end our service to Iran,”

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: france; iran; iransanctions; sanctions; shipping; trump
Winning!
1 posted on 07/07/2018 5:39:01 AM PDT by GonzoII
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To: GonzoII

A strong domestic economy and a firm political base allows Trump, on behalf of long term American interests, to take necessary actions against China and Iran. The Eurowimps have no choice but to follow.


2 posted on 07/07/2018 5:48:26 AM PDT by allendale (.)
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To: GonzoII

Maximum Pressure! Yay Trump!!!


3 posted on 07/07/2018 5:49:34 AM PDT by Basket_of_Deplorables ("Trust Sessions" is not a plan. It is sabotage. Fire Rosensessions and Wray!!!)
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To: GonzoII

Very significant


4 posted on 07/07/2018 6:06:28 AM PDT by silverleaf (A man who kneels for the national anthem doesn't stand for much of anything)
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To: GonzoII

Years ago, the company I worked for at the time imported a product from another company subsidiary located in France. The product, a specialized adhesive was used mainly for up-armored Humvee’s.

Because the French hated us American’s so much, we took great care to never tell them what we were using it for so they wouldn’t cut off our supply out of spite.


5 posted on 07/07/2018 6:07:41 AM PDT by cyclotic ( We’re the first ones taxed, the last ones considered and the first ones punished)
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To: cyclotic

Very prudent.


6 posted on 07/07/2018 6:20:07 AM PDT by GonzoII ("If the new crime be, to believe in God, let us all be criminals" -Sheen)
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To: GonzoII

When companies have to choose between the US and Iran, guess who is going to win every time. Winning!


7 posted on 07/07/2018 6:22:57 AM PDT by Midwesterner53
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To: GonzoII

Cut all of Congress and Senate’s Pay by 75 %.


8 posted on 07/07/2018 6:25:45 AM PDT by carmen2017
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To: Midwesterner53

The issue here is that Iranian banks are ‘dying’. Several will survive 2018 only by merging with other weak banks. Go look at all the businessmen (even the small guys)....they are converting the cash into Euro or dollars and investing outside of Iran. They are waiting for the crash.

As long as no one tries to help the crash in Iran....Trump wins and a revolution will occur. The mullahs will disappear. At that point, we need to be ready to really help Iran...the little guys in particular.


9 posted on 07/07/2018 6:57:04 AM PDT by pepsionice
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To: carmen2017

“Cut all of Congress and Senate’s Pay by 75 %.”

Just what does that have to do with the subject of this thread?


10 posted on 07/07/2018 6:57:51 AM PDT by vette6387
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To: pepsionice

Can’t happen soon enough! The Shah wasn’t a good guy, but at least under his “leadership,” Iran was one of the most “westernized” countries in the ME. It will be interesting to see of the populace turns on the nutball muzzies among them when the fall occurs.


11 posted on 07/07/2018 7:01:37 AM PDT by vette6387
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To: lonevoice

ping


12 posted on 07/07/2018 7:23:28 AM PDT by Pride in the USA
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To: pepsionice

Absoutely. 1) Never let your enemies up when you have them down. 2) Be ready to give them a helping hand when sanity returns to their government.


13 posted on 07/07/2018 11:09:51 AM PDT by Midwesterner53
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To: GonzoII
Winning?

From 2011...

CMA CGM Pays Trade Sanction Fine

My bet is the company plans on doing it again. Unless Trump makes clear he'll go medieval on their heinies.

14 posted on 07/07/2018 11:34:32 AM PDT by mewzilla (Has the FBI been spying on members of Congress?)
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To: mewzilla
Same year, related link...

Carrier, agent hit with OFAC penalties

CMA CGM (America), a Norfolk, Va.-based subsidiary of the French container carrier, has paid $374,400 to settle allegations of violations of the Cuban Assets Control Regulations, Iranian Transactions Regulations, and the Sudanese Sanctions Regulations that occurred about December 2004 to April 2008.

15 posted on 07/07/2018 11:37:21 AM PDT by mewzilla (Has the FBI been spying on members of Congress?)
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