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Rolls-Royce exploited US sanctions loopholes to trade with Iran

Rolls-Royce sold equipment to Iran for decades, a confidential company memo reveals, exploiting a series of loopholes in US sanctions to avoid breaking the law.The Iranian government amassed the world’s largest collection of the British engineering group’s signature turbine and booked millions of pounds of orders each year, according to a briefing drafted in 2009 for the company’s then chief executive, Sir John Rose.

Source: Rolls-Royce exploited US sanctions loopholes to trade with Iran | Business | The Guardian

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