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Sat Jul 9, 2016, 07:11 PM

US aircraft sales to Iran blocked by House, jeopardising $25bn Boeing deal

Source: Agence France-Presse

US aircraft sales to Iran blocked by House, jeopardising $25bn Boeing deal

Agence France-Presse
Saturday 9 July 2016 04.13 BST

The House of Representatives has passed a measure that would block US aircraft sales to Iran, potentially undercutting a Boeing deal with Tehran worth up to $25bn.

Two approved amendments to an appropriations bill from Representative Peter Roskam would ban sales from Boeing and European rival Airbus, amid concerns the aircraft could be used for military purposes, the congressman said in a statement on Friday.

One amendment would prohibit the Office of Foreign Assets Control from using funds to authorise a license necessary to allow aircraft to be sold to Iran. A second would bar loans from US financial institutions to purchase militarily adaptable aircraft.

The ban would need to be approved by the Senate or any bill that reconciles differences in legislation by the two chambers.

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Read more: https://www.theguardian.com/world/2016/jul/09/us-aircraft-sales-iran-blocked-jeopardising-25bn-boeing-deal

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