The US was criticised for pressing German companies to cut business ties with Iran yesterday after Commerzbank decided to end dollar transactions with Tehran.
Germany's second-largest bank confirmed it would cease to conduct dollar-denominated business with Iran at the end of this month. The bank, which co-managed Iranian bond issues and has had a long presence there, said "there has been US pressure" as part of Washington's efforts to force Tehran to abandon its nuclear programme.[...]
Friday, January 12, 2007
anti-Iran pressure ratchets up on German banks