https://www.gatestoneinstitute.org/15971/germany-iran-terror-banks
“Germany was again Europe’s largest trading partner with Iran by far, exporting $1.64 billion worth of goods in 2019. While German banks have been largely reluctant to finance Iran trade, there are at least five banks – all owned/operated by Iran and all operating inside Germany – that are more than happy to step in.” – Daniel Roth, “Germany’s Iran Banks,” United Against Nuclear Iran April 7, 2020
One of the sanctioned banks freely doing business in Hamburg, Germany, is Bank Melli. It is the largest bank owned by the Iranian regime, and when it comes to revenues, it ranks first, followed by bank Mellat.
Another major Iranian bank also still conducting business in Hamburg Germany is Bank Sepah. Bank Sepah, also owned by the Iranian regime, has been sanctioned by the US Treasury Department and has links to the regime’s ballistic missile program. According to United Against Nuclear Iran, “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).”
By trading with the Iranian regime and allowing Iran’s sanctioned banks freely to operate in Germany, Chancellor Angela Merkel’s government is empowering the ruling mullahs and their regime. They are not only the world’s leading state sponsor of terrorism; they are also racing to develop clandestine nuclear weapons and the missiles to deliver them.
While the attention of the international community has been directed towards the battle against the coronavirus pandemic, German Chancellor Angela Merkel’s government appears to be allowing Iran’s sanctioned banks to operate freely in Germany.
According to a recent report published by United Against Nuclear Iran:
“Siemens, Volkswagen and the big multinationals have pulled back due to U.S. sanctions, but many of Germany’s 3.5 million small-and-medium enterprises (SMEs) are still prepared to do business with Iran. And they still can. From Hamburg in the north to Munich in the south, the ‘Mittelstand’ firms can obtain Letters of Credit, bank guarantees, insurance and all the other trade finance products they need from their Iranian facilitators. “