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Due to US sanctions .. Hyundai cancels a deal worth 521 million dollars with Iran
Hyundai
Announced that Hyundai Engineering and Construction, on Monday, it canceled an agreement to 595 billion won (521 million dollars) to build a petrochemical complex in Iran, noting that the ability of Iran to finance the deal hit after the possibility of imposing US sanctions on Tehran. According to Hyundai Engineering and Construction, "the consortium led him to establish the project canceled the contract, on Sunday."
"The cancellation of the contract was due to the lack of funding completion, which was a precondition for the validity of the contract, where external factors such as economic sanctions on Iran worsened."
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