Posted on 12/01/2006 6:47:26 PM PST by nuconvert
No Iran biz for Alcatel-Lucent CEO American CEO of newly created U.S. -French firm prohibited from doing business with Iran.
December 1 2006
PARIS (Reuters) -- Patricia Russo, chief executive of the freshly merged Franco-U.S. group Alcatel-Lucent, will be barred, as a U.S. citizen, from doing business with Iran, she said on Friday.
She did not say, however, if this would create problems for the Paris-based company that has enjoyed long-standing business relationships with Iran.
The French company upgraded Tehran's telecoms networks in a contract won in 2001, built Iran's first high-speed DSL Internet network and has been providing some communications systems for gas plants there.
"I am forbidden by law from being involved in business in Iran," Russo said on the sidelines of a press conference in Paris to mark the first day the two companies operated as a combined group.
"Clearly we have to respect U.S. laws for U.S. citizens and so U.S. citizens cannot participate in business done in U.S.-sanctioned countries," Russo added.
The U.S. is calling for the U.N. Security Council to impose sanctions on Iran after it failed to heed a demand to halt uranium enrichment work, a process that can be used to make fuel for nuclear power plants or material for warheads.
"If Alcatel were to actively pursue business with Iran, it could create tensions between the U.S. and France at a time when the U.S. is trying to bring France into supporting sanctions against Iran," said Antonia Handler Chayes, professor at the Fletcher School of Law and Diplomacy in Boston and former Under Secretary of the U.S. Air Force under the Carter Administration.
Security Concerns Lucent has numerous classified defense and other contracts with the U.S. government, which raised some concerns among senators about national security.
(Excerpt) Read more at money.cnn.com ...
These Europeans don't stop being blood suckers...
Hamkar machine Co. (PJS) after concluding a contract with Caterpillar Switzerland on 15 December1988 (24/09/1367) , started its activity in Iran as Caterpillar S.A.R.L.'s exclusive dealer and accepted the responsibility of managing the dealership.
This entailed the after sales services (genuine spare parts , service and repairs , training , installation) and supporting of all Caterpillar products.
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