[Ed. – U.S. intervention when and where it is needed]
A transfer of nearly $400 million in cash to Iran has been blocked by Germany’s central bank in what appears to be a response to efforts by the U.S. ambassador to Germany.
Last month, Ambassador Richard Grenell urged Berlin to prevent Iran’s withdrawal of large sums of cash from German bank accounts in an effort to offset U.S. sanctions that took effect following Washington’s withdrawal from the 2015 Iran nuclear deal.
“We encourage the highest levels of the German government to intervene and stop the plan,” Grenell said, according to Reuters.
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Deutsche Bundesbank, Germany’s powerful central bank, announced a new financial policy that would effectively bar the transfer of funds to Iran.
According to The Jerusalem Post:
The mass circulation daily BILD newspaper reported on Wednesday that the bank expanded its business conditions to include a section on “cash payment transfers” in order to reject financial transfers of partners of the Deutsche Bundesbank.