The German government said Friday it is formally suspending export credit and investment guarantees for business in Iran in the wake of authorities' crackdown on protests. The Economy Ministry said it also has suspended other "economic formats," including a dialogue on energy issues, in view of "the very serious situation in Iran." Export credit guarantees protect German companies from losses when exports aren’t paid for. Investment guarantees are granted to protect direct investments by German companies from political risk in the countries where they are made. The ministry said that use of those instruments for projects in Iran was suspended for decades until there
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