Deutsche Bundesbank blocks $400 million in cash on-shipment to Iran before the crippling US sanctions

in the vicinity


Sen. Lindsey Graham calls for regime change in Iran

The Republican senator from South Carolina, calls President Trump, “stay tough” with Tehran.

The U.S. campaign to rein in Iran scored a goal, a victory in the German financial sector after the Deutsche Bundesbank, the Central Bank imposed a rule to stop a 400-million-Dollar cash shipment to Tehran.

Iran’s cash-starved economy is in need of urgent hard currency before the crippling US banking sanctions will be introduced in November.

Germany allows the Iranian-owned European-Iranian trade bank (EIH) in Hamburg. The EIH has more than $400 million that Tehran wants to receive, in cash, before a second wave of US sanctions due to the in November, the impact on banks and Iran in the energy sector.

The Deutsche Bundesbank has, in cooperation with the EIH in the past, to circumvent U.S. sanctions against Iran. The United States and the European Union previously sanctioned EIH for its role in supporting Iran’s nuclear and missile programs. The sanctions against EIH, were repealed, after the great powers, an agreement to curb the Iranian nuclear programme in 2015.


But President Trump tore effectively the “decaying and rotten” deal in may, and vowed to impose more sanctions against the regime.

Close nership = Results. To finish thank you to our German colleagues for acting on Iran’s activities.https://t. co/fTSBD2f8Dt

— US-Embassy Berlin (@usbotschaft) 4. August 2018

The publication in July, the German Chancellor, Angela Merkel, to bypass the government sought and the pending sanctions triggered to urge the U.S. Ambassador in Germany, the massive transfer to stop their government.

“We are grateful to our German partners, for the recognition of the need.

Iran’s malignant activities, the grows in the whole of Europe, the concern,” Richard Grenell, the U.S. Ambassador in Berlin, said Grenell, a former Fox News contributor, has led to persuade the campaign to prevent the German authorities that the cash transfer.

The U.S. Embassy in Berlin tweeted: “a Close partnership = results. To finish thank you to our German colleagues for acting on Iran’s activities.”

The German Central Bank is the new anti-Iran-as a rule, is planned to enter into force. August, 25.

To send to Chancellor Angela Merkel’s efforts, more than 400 million dollars to the mullah regime and the Obama administration to 2016, the supply of 1.7 billion US dollars in cash from Teheran, to secure as part of the ransom, the release of the American hostages in the possession of the Islamic Republic.

President Trump has always struck again, his predecessor, for the sending of the Bar.

The United States government classifies the Islamic Republic of Iran a top state sponsor of terrorism. The Merkel administration goes to great lengths to promote trade with Tehran. The German economy Ministry said on Monday, “export guarantees and investment guarantees of the Federal Ministry for Economic Affairs will want to use all of the available companies” in Iran.

We are pleased to see that German firms stop their trade with Iran, is the compliance with U.S. sanctions and help put pressure on the Iranian regime back to the table. We stand together to stop Iran’s malicious activity.

— Richard Grenell (@RichardGrenell) 7. August 2018

The German government has 57 companies with more than 1 billion US dollars in the export and investment guarantees for business with Iran.


Large German multinational companies, however, voted with their feet.

Automobile manufacturer Mercedes-Benz announced Tuesday that it had frozen all transactions with Iran because of the sanctions regime.” The first wave of sanctions of the USA entered on the Tuesday, and the influence of Iran in the automotive sector, as well as trading in precious metals.

The Sportswear giant Adidas is currently the lead of its American competitor Nike and pulled the plug on its business with Iran.

Adidas said in a statement last week that he will not renew commercial arrangements with the Iranian football Federation. Iranian state-controlled media reported that Adidas withdrew from the Iran market, because they feared damage to its business in the United States

Peter Kohanloo, the President of the US-Iranian American majority organization, said “Germany, France and the UK always talk about human rights and democracy, but by the resistance to further sanctions, they are actively replacing them with a growing revolution in Iran, one of the most striking human rights, dictatorships, and hurt in the world.

“Germany is a big mistake by injecting much-needed cash to the mullahs, the resistance of the economy, as the murder of Iranian protesters.”


In a joint statement Monday, Federica Mogherini, EU high representative for foreign Affairs and the Minister of foreign Affairs of great Britain, France and Germany, said: “We are committed to the protection of the European operators, the legitimate business with Iran.”

The EU implemented a “blocking statutes” to isolate the EU companies, active in the Islamic Republic, from the American sanctions.

The Association of German chambers of industry and Commerce said on its website that in the first five months of this year exports to Iran fell by four percent.

Angela Merkel’s government is trying to circumvent had a pending US sanctions; sanctions heaped the pressure on Iranian President Hassan Rouhani (left)


In the last years, 120 German companies, branches of Iran’s group, according to the German industry, but the trend is downwards.

German exports to Iran rose to $3.96 billion in 2017, up from $2.89 billion in the year 2016.


Benjamin Weinthal reports on human rights in the Middle East and is a fellow at the Foundation for defense of democracies. Follow him on Twitter @BenWeinthal

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