11 May 2025
Wednesday 21 December 2016 - 15:17
Story Code : 243804

Rolls-Royce exploited US sanctions loopholes to trade with Iran

Rolls-Royce exploited US sanctions loopholes to trade with Iran
The Guardian- Leaked 2009 memo to then CEO Sir John Rose shows state-owned firms bought nearly 100 turbines between 1975 and 1995

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

Trading in Iran appears to have carried on despite the enormous political risk of being seen to avoid US sanctions.

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