“Renault is negotiating to buy less than half of the Pars Khodro Company’s shares”, said one of the Pars Khodro’s directors in Iran- EU economic conference held in Vienna. However, he did not disclose the possible value of this transaction. Pars Khodro is currently assembling various automobile models by Renault parts. It’s worth to mention that Renault has over 562 USD mn in its bank accounts in Iran which could not be withdrawn due to sanction. Peugeot has also announced that is planning to import new products to Iran.