U.S. imposes sanctions against the European-Iranian bank

Großansicht des Bildes mit der Bildunterschrift: Hamburg bank accused of funding military programs of Iran
In the framework of existing sanctions against Iran, the U.S. had to blacklist the European-Iranian Trade Bank (EIH), located in Hamburg. Bank accused of involvement in the funding of military programs of Tehran.


The United States has imposed sanctions against the European-Iranian Trade Bank (EIH), whose headquarters is in Hamburg. As reported on Wednesday, September 8, the web-site channel n-tv referring to the representative of the Ministry of the Treasury Stuart Levey, the Hamburg bank has worked closely with Iranian financial institutions and exercised on their behalf by the numerous translations. EIH was the seventeenth to the foreign bank account made by Washington in the black list.

According to the U.S. Treasury, Bank of Hamburg in cooperation with Iranian financial institutions in 2007 contributed to the acquisition of materials and equipment for the implementation of missile programs totaling more than $ 3 million. Last year, EIH, interacting with the Iranian Bank Mellat, participated in the financing of contracts for the procurement of arms, worth about 350 thousand dollars.

U.S. Sanctions virtually make it impossible for EIH to cooperate with other international banks, like agency Reuters. In the framework of sanctions is also closed access to the U.S. banking system. U.S. authorities have agreed on actions against the Bank of Hamburg with the German government. For its part, in Berlin are also planning to take action against the EIH. Hamburg Bank in June accused of violating sanctions imposed against Iran. Guide EIH denied the allegations, stressing that no violation occurred.