French companies were among the first to return to Iran after sanctions were eased last year under Tehran’s nuclear deal with six world powers, but officials have said financing issues have hobbled some big infrastructure projects. France’s largest banks have been reluctant to do business with the oil-rich country because of remaining U.S. sanctions, and Iran lacks access to major international lenders.

Iran’s largest state-run and partly state-run banks, Bank Melli and Bank Tejarat, have started brokerage services in France and were working with some French banks, Tayebnia said, declining to name them.

Read more: https://www.bloomberg.com/news/articles/2017-03-05/france-plans-loans-for-companies-wanting-to-invest-in-iran


Ease:    verb uk /iːz/ us /iːz/

to make or become less severe, difficult, unpleasant, painful, etc.:

“These pills should ease the pain.”

“After the arrival of the United Nations soldiers, tension in the area began to ease.”


Financing:     noun [ U ] us /fəˈnæn·sɪŋ, ˈfɑɪ·næn-/

the money needed to do a particular thing, or the way of getting the money:

“BP will provide 65 percent of the financing for the project.”


Hobble:    verb uk /ˈhɒb.əl/ us /ˈhɑː.bəl/

to prevent something developing or being successful

“The whole organization has been hobbled by mismanagement.”

“A long list of amendments have hobbled the new legislation.”


Brokerage:   noun  /ˈbroʊ.kər.ɪdʒ/

the activity of buying and selling foreign money, shares in companies, etc. for other people, or the money that is charged for doing this:

“The company’s main activity is insurance brokerage.”

“Investors want the company to quit insurance brokerage and move into shipping services.”


Decline  verb formal  /dɪˈklaɪn/

to refuse:

I invited him to the meeting but he declined.

“He declined my offer.”

“[ + to infinitive ] They declined to tell me how they had obtained my address.”