U.S. Seeks to Thwart Iran Flying Millions in Cash Out of Germany

Washington Free Beacon | 7/9/2018 | Adam Kredo
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BY: Adam Kredo

Top Trump administration officials are working to stop Germany from allowing Iran to fly more than $350 million in cash out of the country and back to Tehran as part of a bid by the Iranian regime to restock its coffers ahead of a major financial crackdown by America, according to conversations with senior U.S. diplomats and officials on Capital Hill.

Trump - Administration - Government - Transfer - Weekend

The Trump administration is already working to stop the German government from allowing this transfer following weekend reports that Iran is poised to fly around 300 million Euros out of the country as part of an ongoing scheme to skirt tough new U.S. economic sanctions, which were put back into effect after President Donald Trump decided to abandon the landmark nuclear deal.

"The mullahs are worried that they will run out of cash," according to a report in Germany's Bild news site. "Iran's justification for their plan says that they need the money ‘to pass it on to Iranian individuals who, when traveling abroad, are dependent on euros in cash due to their lack of access to accepted credit cards.'"

Disclosure - Scheme - US - Sanctions - Tensions

The disclosure of the latest scheme to skirt U.S. sanctions has inflamed ongoing tensions between the United States and Germany over its efforts to continue providing Iran with sanctions relief in the face of a crackdown by the Trump administration, which has been locked in diplomatic efforts to convince European partners to pull out of Iran.

Iranian officials have been saying for weeks that they are locked in efforts with some European countries to skirt new U.S. sanctions as Tehran faces a major cash crunch that has sparked waves of popular protests against the hardline ruling regime. Much of the money Iran has spent recently has funded its war efforts in Syria, Yemen, and other hot spots.

Those said to be...
(Excerpt) Read more at: Washington Free Beacon
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