Cancellation of Peyk Company's contract due to Sanctions: Iran

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Masoud Ammari said on Saturday about the termination of Peyk's contract with the federation, 'The company has terminated the contract one-sidedly. Due to the sanctions and that they had no particular market in Iran, they were not interested in continuing cooperation.'

This is while Peyk has been cooperating with Iran in the past decade vie previous sanctions.

However, the secretary of the federation said that the pressure on the company due to US sanctions has forced them to terminate their contract with Iran.

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