August 04, 2018 20:22

Germany's Refusal to Transfer Iranian Funds a Bad Sign

Germany’s plan to introduce new financial rules not only puts Europe’s goodwill under a big question mark, but also shows that it cannot make independent decisions

The Europaisch-Iranische Handelsbank AG building in Hamburg.

It would be a confidence-building step if Germany facilitates the transfer of funds Iran wants, a lawmaker said on Friday, adding that taking an "ambigious" stance on the nuclear deal and trade with Tehran will destroy opportunities for cooperation.
"On the one hand, the Europeans say they stand by Iran on the JCPOA issue and want to have relations in diverse areas, including the financial and banking sectors. But suddenly they move to block the transfer of our assets by passing new and strict regulations," Asghar Salimi told ICANA, using the technical term for the nuclear deal—the Joint Comprehensive Plan of Action.

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