The German government has said it is officially suspending export credits and investment guarantees for businesses in Iran due to government crackdown on protests.. It is reported by AP NEWS.

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The Ministry of Economy said it had also suspended other "

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Export credit guarantees protect German companies from losses in case of non-payment of exports. Investment guarantees are provided to protect the direct investments of German companies from political risks in the countries where they are made.

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The ministry said the use of these tools for projects in Iran was put on hold for decades until a " It reported that guarantees were granted or extended for several projects during this period, but no new guarantees have been issued since 2019..

The German government has decided to "

Nationwide protests erupted in Iran in September following the death of 22-year-old Mahsa Amini, who was detained by the vice police for allegedly violating Iran's strict dress code for women.. Since then, they have escalated into calls for the overthrow of Iran's ruling clerics.. Authorities try to crack down on demonstrations and step up pressure on critics.