US withdrawal from Iran deal can hit Danish companies

The US's withdrawal from the Joint Plan of Action with Iran and the reimposition of sanctions can impact Danish pharmaceutical companies and medico firms, writes the Danish interest group Dansk Industri. Novo Nordisk, which has invested DKK 500 million (EUR 67 million) in Iran, awaits further developments.
Iranians protested on Friday after US President Trump decided to withdraw from the Joint Comprehensive Plan of Action and reimposed sanctions. | Foto: /Ritzau Scanpix/AFP/STR
Iranians protested on Friday after US President Trump decided to withdraw from the Joint Comprehensive Plan of Action and reimposed sanctions. | Foto: /Ritzau Scanpix/AFP/STR

President Trump's decision to withdraw the US from the Joint Plan of Action (JPA) with Iran can end up damaging Danish pharmaceutical companies and medico firms with assets in Iran – including Novo Nordisk.

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