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German central bank blocks $400 million cash delivery to Iran ahead of crippling new US sanctions

Aug 8, 2018 7:00 am By Robert Spencer

The Trump effect. This is $400 million that won’t be going to Hizballah and Hamas.

“German central bank blocks $400 million cash delivery to Iran ahead of crippling US sanctions,” by Benjamin Weinthal, Fox News, August 7, 2018:

The U.S. campaign to rein in Iran has scored a victory in the German financial sector, after the Deutsche Bundesbank− the country’s central bank− imposed a rule stopping a $400 million cash delivery to Tehran.

Iran’s cash-starved economy desperately needs hard currency ahead of crippling U.S. bank sanctions that will be introduced in November.

Germany allows the Iranian-owned European-Iranian trade bank (EIH) to operate in Hamburg. The EIH holds more than $400 million that Tehran wants to receive in cash ahead of a second wave of U.S. sanctions due in November that impact banks and Iran’s energy sector.

The Deutsche Bundesbank has cooperated with the EIH in the past to circumvent U.S. sanctions on Iran. The U.S. and the European Union previously sanctioned the EIH for its role in advancing Iran’s nuclear and missile programs. The sanctions on the EIH were lifted after the world powers reached an agreement to curb Iran’s nuclear program in 2015.

But President Trump effectively tore up the “decaying and rotten” deal in May and vowed to impose greater sanctions on the regime.

The disclosure in July that German Chancellor Angela Merkel’s government was seeking to circumvent the pending sanctions triggered the U.S. ambassador to Germany to urge her government to stop the massive payment transfer.

“We are grateful to our German partners for recognizing the need to act. Iran’s malign activities throughout Europe are a growing concern,” Richard Grenell, the U.S. ambassador to Berlin, told FoxNews.com. Grenell, a former Fox News contributor, led the campaign to persuade German authorities to prevent the cash transfer.

The U.S. embassy to Berlin tweeted: “Close partnership = results.  Thank you to our German counterparts for acting to stop Iran’s activities.”

The German central bank’s new anti-Iran rule is slated to go into effect on August, [sic] 25.

Chancellor Merkel’s efforts to send more than $400 million to the mullah regime echoes the Obama administration’s 2016 delivery of $1.7 billion in cash to Tehran, as part of a ransom to secure the release of American hostages held by the Islamic Republic….

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Filed Under: Donald Trump, Featured, Germany, Iran, United States Tagged With: Deutsche Bundesbank, European-Iranian trade bank (EIH)


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Comments

  1. No Muzzies Here says

    Aug 8, 2018 at 9:01 am

    This is good. Sending money to Iran is sending money to terrorists.

    • mortimer says

      Aug 8, 2018 at 11:06 am

      Deutsche Bundesbank gets it. The mullahocracy is destroying the economy of Iran. The only solution is to kick them out as soon as possible. But how?

      Surely, the mullahocracy must realize that they should get out now while they can and take their ill-gotten gain with them.

      The greediest and lyingest people in the world must be the MULLAHOCRACY of Iran.

  2. Susan B says

    Aug 8, 2018 at 9:26 am

    “The disclosure in July that German Chancellor Angela Merkel’s government was seeking to circumvent the pending sanctions”.

    The EU is run by traitors to Western Civilization, so I am surprised this transfer of funds for terrorist was actually stopped. Does this mean that the traitors are losing control?

    • Older Canadian says

      Aug 8, 2018 at 9:59 am

      Or it could be a smoke screen.

      • Tayloch says

        Aug 8, 2018 at 7:17 pm

        Bingo!

  3. dan christensen says

    Aug 8, 2018 at 10:11 am

    Never give a mullah or any other sucker an even break.

  4. pemba says

    Aug 8, 2018 at 10:33 am

    One good deed from Germany so far
    next deport all Muslims out of Germany ASAP.
    Close all Mosques.

  5. Transmaster says

    Aug 8, 2018 at 11:01 am

    Another thing you are not hearing about is the growing rebellion in Iran. The rebellion has spread across the country and encompasses most, if not all of the ethnic groups in Iran. The are sick and tired of the shortages and low standard of living. In demonstrations they are chanting death to Palestinians who they see as getting 100’s of millions of dollars that should be used to improve their lives. Saudi Arabia and Kuwait are instrumental is supporting this unrest, something President Sparkelfarts would not let them do. When The Saudi’s asked President Trump about this he said not only YES! but HELL YES! One of the this the Saudi have done is they are locating and publishing pictures of the lavish palaces owned by the top Clerics in the country. In a way The Sultan of Stupid started all of this when he shipped billions of dollars in cash directly to Iran. For many years the Mullahs blamed the Persian peoples whoa’s on The Great Satan and Israel. They told the people things would get better when all of the money being held by the United States was returned. Well is mostly was and nothing happened. The Mullahs pocketed 100;s of million so Dollars, The sent 10’s of millions more to terrorists, and went on a shopping spree of military weapons in Russia and China. The Iranian people nothing. That was the last straw. President Trump told the Islamic world that Islamic terrorism is their problem and they are the ones who have to deal with it. Thanks to Trumps leadership this is what is happening. In a city across the border from Kuwait there was an armed up raising. All of the Revolutionary Guard were killed or run out of the city. The Guard rushed more guardsmen to the city they were intern killed and run out of the city. These protesters were supplied with arms and ammo from Saudi Arabia. It is hard to keep track of all of this because the new out of Iran is difficult to come by.

  6. Peter Buckley says

    Aug 8, 2018 at 1:00 pm

    https://www.gatestoneinstitute.org/12815/iran-sanctions-european-union

    This is just the start. The pressure on the mullahs will be ratcheted up at the end of the year when oil sanctions kick in. If Trump can secure another term, I believe he will cause Iran to implode.

  7. Buraq says

    Aug 8, 2018 at 1:04 pm

    Just in case Ibrahim itace Mohamed drops by. Hi Habibi! The value of the Iranian Rial is falling like a stone. From 42,000 to 1 mighty US dollar in May this year, to 112,000 to 1 mighty US dollar today!

    The wheels are coming off the Persian caravan, the route masters have lost the map, and no one knows when they’ll reach the next oasis. Iran is on a death march, economically speaking. How long before the Mullahs’ corpses are swinging in the breeze from lamp posts in central Tehran, habibi?

    • gravenimage says

      Aug 8, 2018 at 10:51 pm

      +1

  8. Ren says

    Aug 8, 2018 at 2:24 pm

    Germany is allowed to deliver Monopoly money to Iran.

    • gravenimage says

      Aug 9, 2018 at 12:05 am

      This bank is blocking it. That’s a good thing.

  9. gravenimage says

    Aug 8, 2018 at 10:46 pm

    German central bank blocks $400 million cash delivery to Iran ahead of crippling new US sanctions
    …………….

    *Good*.

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