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Germans still bank with Iran
Official insists financial operations are being frozen
“In the last year German companies have become more familiar with the breadth of dangers these regulations try to address. At the same time, the German technology industry is comprised of a large number of small- to midsized, often family, businesses that still don’t know about these regulations,” Mr. Mancuso said.
The German engineering giant Siemens announced this year that it would end new business with Iran. Last year, The Washington Times reported that a Siemens-Nokia joint venture sold Iran a sophisticated kind of electronic surveillance software and equipment known as a monitoring center.
“One of the problems with the international dual-use framework, while in principle there is agreement on what the items are, there is country-by-country difference in terms of the vigor with which those items are enforced,” Mr. Mancuso said.
The future of Germany’s trade with Iran likely will be set in meetings with European foreign ministers this month.
“Germany strictly implements all U.N. sanctions and has been one of the advocates for EU sanctions against Iran that go well beyond the U.N. sanctions already at present,” a senior German government official told The Washington Times.
“Furthermore, the government works on discouraging German companies to do business with Iran,” the official added. “Even though they cannot be prevented from doing business, as long as other sanctions are not place more and more companies, like for instance Siemens, have decided to do so.”
Mr. Kuntzel said he is taking a wait-and-see approach.
“Everything depends on which direction the German government will choose in preparation of the very important meeting of the European foreign ministers on July 26,” he said.
“Everything depends on the details. Now you could put on the breaks from the German side and continue business as usual, or you could do everything to isolate the Iranian regime and pressure it.”
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About the Author
By Donald Lambro
Growth spikes are little more than trend-free anomalies
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