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Volkswagen Pulls Out of Iran
(Bloomberg) Nick Wadhams - The U.S. has persuaded Volkswagen to comply with sanctions on Iran and end almost all of its business in the country, U.S. Ambassador to Germany Richard Grenell said Tuesday. "We are pleased with this decision because Iran diverts its economic resources away from its people to spread violence and instability across the globe," he said. A senior State Department official said there was now no business left for the EU to protect in Iran and that the U.S. had essentially won in its battle to persuade companies to leave. He said that European nations and businesses are far more closely aligned with the U.S. than they are with the EU on that issue.