The Ducth company ING, one of the largest credit funds in the world has warned all foreign investors against investing in Iran.
In a company circular, the commercial and financial services section of ING which offers banking and insurance services, advised of the consequences of investment in Iran.
In recent months more than 10 large financial institutions and international banks have cut off ties with the regime in Tehran.
Last week in an interview with the German weekly magazine Der Spiegel, Secretary of State Condoleeza Rice warned European companies against further business with the regime in Tehran and specified the consequences of more international sanctions against the Islamic Republic.
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