Skip to comments.GERMAN BANK TO HALT IRAN TRANSACTIONS IN JULY
Posted on 05/19/2018 7:41:28 AM PDT by TigerLikesRooster
GERMAN BANK TO HALT IRAN TRANSACTIONS IN JULY
BY REUTERS MAY 18, 2018 21:25
BERLIN - Germany's No. 2 lender DZ Bank said on Friday it will suspend financial transactions with Iran in July following U.S. President Donald Trump's pullout from the nuclear deal with Tehran.
Trump's withdrawal of the United States from the accord and his order that sanctions be reimposed have led several European companies to announce their exit from Iran, including French oil major Total earlier this week.
"We will completely suspend our foreign payment transactions related to Iran starting July 1st," said a spokesman for Frankfurt-based DZ Bank, which is the umbrella organization of German cooperative bank chain Raiffeisen-Volksbanken.
(Excerpt) Read more at jpost.com ...
"Yes. I'd like to make a deposit, please."
LOL.....Euroweenies are gonna learn not to mess with El Trumpo!!
It went to his and Hillary’s “foundations”.
After it got dispensed out to the various parties within the gov’t, I would take a guess that one-third of the money got shipped out via 500 different sources to money-laundering efforts, and loaded into various foreign bank accounts.
If you gauged trust right now with the Iran banks....it’s marginally at a ‘2’ or ‘3’ on a scale to ten. The business folks expect a couple of Iran bank to merge by the end of the year in hopes of surviving for another year. I would write up a scenario that they reach a Greece-like bank failure during the middle of 2019 (unless the EU or IMF comes to save them). I also think Trump’s team knows that.
The gov’t went and made some kind of rule back around six years ago that you can only get a home mortgage via one single bank in the country. Well...the deal with that bank is that you come in....open an account, and put your deposit down as the input to the account but you have to wait a year before they give you the loan. Yeah, they are holding your downpayment and playing it for twelve months. Some Iranian was telling me the interest rate is fairly near 10-percent for home loans now. Younger folks are sitting in a pretty lousy mess....they can’t buy a home because of the structured mess by the Mullahs.
“You’re gonna get tired of winning.”
DJT during the campaign.
Germany's No. 2 lender DZ Bank said on Friday it will suspend financial transactions with Iran in July following U.S. President Donald Trump's pullout from the nuclear deal with Tehran.
So much for the "you can't do that" and "you can't tell us what to do" line of bull from the EU house of cards. Thanks TigerLikesRooster.
That's a win...
Germany has a history of sanctions busting. I’d hold off on the celebration while we trust but verify :-)
English translation: Iran wants more money from Europe
What I read is that with DJT putting sanctions back in....That Iran can only sell half the crude it is capable of pumping. This bankrupts Iran.
Which means they can only sell one million barrels per day instead of of two million. This will mean the smelly mullahs and ayatollahs will not be able to afford deodorants.
Iran wants more money from Europe
Iranian Foreign Minister Mohammed Dschawad Sarif speaks to the media in Brussels.
Iran’s Foreign Minister Mohammed Dschawad Sarif on a visit to Brussels. (Photo: DPA)
Iran is calling for more EU support to save the nuclear agreement, especially more investment from Europe.
Although Europe is politically committed to the agreement, major European corporations want to withdraw from the country, criticizing Iran’s foreign ministers.
Iran considers the political support of the European Union to save the nuclear agreement to be insufficient. This was made clear by Foreign Minister Mohammed Dschawad Sarif at a meeting with the EU Commissioner for Energy, Miguel Arias Cañete. The EU must take more practical steps to increase its investment in Iran, “said Sarif according to Iran’s state news agency. The EU’s commitment to the nuclear agreement is not in line with the announcement by large European companies of the possibility of withdrawing from Iran.
Several foreign companies have suspended their Iran business for the time being to await the results of the talks within the EU. The French oil company Total, for example, had announced last week to end a 4.8 billion dollar investment project in Iran, the company should not receive an okay from Washington.
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With the departure of the United States from the Agreement, public expectations for the EU had risen to save the achievements of the agreement, Sarif said. After the US exit from the nuclear agreement, the government in Tehran wants to receive guarantees from the EU within a few weeks to preserve the economic benefits that the country had promised to renounce the continuation of its military nuclear programme.
The remaining signatories of the Iranian nuclear agreement want to deal with the government in Tehran on Friday with the further action after the withdrawal of the United States. “At the request of Iran, the Joint Committee will come together on Friday without the United States and discuss the consequences of the American withdrawal,” said Deputy Foreign Minister Abbas Araghchi on state television. We will also discuss how the remaining states could continue to stick to the agreement. The chief of the Iranian Atomic Energy Agency Ali Akbar Salehi had threatened on Saturday with the resumption of uranium enrichment, should the treaty burst.
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“Iran can only sell half the crude it is capable of pumping. This bankrupts Iran.”
They will have a hard time paying for their mercenary armies abroad, and their thugs to oppress the population at home.
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