Benjamin Weinthal Germany Iran

Benjamin Weinthal: Germany allows US sanctioned Iranian ‘terror’ banks to operate…….


It’s obvious that the Germans couldn’t care less whether the US is infuriated over their deals with the Islamonazi regime, let alone about the moral implications…

Germany remains Europe’s largest trading partner with Tehran. In 2019, German companies exported $1.64 billion worth of goods.

Germany allows US sanctioned Iranian ‘terror’ banks to operate

A number of the banks were sanctioned by the US in a bid to curb Iran’s nuclear ambitions are operating within Germany.


The organization United Against Nuclear Iran published a report on Tuesday, disclosing that German Chancellor Angela Merkel’s government is permitting Iranian banks sanctioned by the US government to operate within the federal republic.

“The oldest Iranian bank operating in Germany is Bank Melli, established in 1965 in Hamburg. It is also Iran’s national bank, wholly owned by the Government of Iran (GOI), and its biggest company by revenue. The US Treasury sanctioned Bank Melli in 2018 for its support of the IRGC, having enabled the IRGC and its affiliates to move funds inside and outside Iran,” wrote the report’s author, Daniel Roth.

The Trump administration designated Iran’s Islamic Revolutionary Guard Corps (IRGC) a terrorist entity.

The UANI report further noted: “Also in Hamburg is Bank Sepah, another state-owned sanctioned bank tied to Iran’s Ministry of Defense (MODAFL). Bank Sepah has provided ‘direct and extensive financial services’ to Iran’s key ballistic missiles procurement and development agencies, including Aerospace Industries Organization (AIO) and its subsidiary, Shahid Hemmat Industrial Group (SHIG).”

UANI continued: “The third Hamburg-based bank and perhaps most notorious of all is the European Iranian Handelsbank (EIH). Unlike the others, EIH is in fact incorporated and headquartered in Germany, with branches in Tehran and Kish Island. Since its founding in 1971, it has financed billions of dollars of German-Iranian trade and is majority-owned by the sanction-designated Iranian state-owned bank, Bank of Industry and Mine.”


More here.

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