(Thanks to Ali Alfoneh for his assistance in compiling)
IRNA, Kish, Nov. 28, 2007: “The German ambassador to Iran said: ‘German banks and firm have restrained their relations with Iranian companies because of pressure from the United States Government.’
“Wednesday at a meeting with executive director of Kish Free Trade Area, Herbert Honsowitz said: Unfortunately, the decision taken by international organizations, the U.S. government and the European Union has had a negative effect on Iran/Germany trade relations. He stressed: 30-35 percent of German banks are engaged in banking relations with the Americans, and the U.S. government has officially told German banks to choose between U.S. or Iranian banks. Therefore, the activities of German banks in Iran have become very restricted. Honsowitz made clear: It is against the will of some German firms and German banks that they have strained their relations with the Iranians, and it is more because of the sanctions and insecurity. According to him, Germany, with 17 nuclear power plants which produces 30 percent of its electricity needs, considers nuclear energy a normal matter. He reminded: Some banking relations between Germany and Iran have 100 years history and we will struggle to expand trade and political relations between Germany and Iran….
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