Iran to withdraw €300 million cash from Germany

Beijing. Jul 10. Silkroadnews - Slapping with the U.S. sanctions the Europaeisch-Iranische Handelsbank AG intends to withdraw €300 million from accounts held in the German central bank, the Bundesbank, to transfer the cash to Tehran, the Iranian Telegraph Agency (IrTAG) reports citing the representative of the Ministry of Finance of Germany.
Earlier German newspaper Bild reported about this intention by Iran referring to the withdrawal planned as the largest cash transfers ever in German history. om the account in cash. The deposit was opened in the Bundesbank. €300 million, as expected, will be delivered to Iran by plane, TASS reported.
The spokesperson of the Ministry of Finance of Germany noted that at present the legality of the operation is being reviewed by the German Financial Supervisory Authority (BaFin).
On May 8, 2018, the U.S. President Donald Trump declared the withdrawal of Washington from the Iranian nuclear deal reached by Tehran and six world powers (Russia, Britain, Germany, China, U.S., France) in 2015 and promised both to return the previous sanctions and introduce the new ones.