President Trump’s recent push to impose crippling sanctions on the Iranian regime crossed the Atlantic this week, with Germany’s central bank halting a $400 million “cash delivery” to leaders in Tehran.
According to Fox News, Deutsche Bundesbank -the nation’s central monetary authority- made a last-minute decision to stop the payment; caving to demands from the White House that European allies clamp-down on the Islamic Republic.
“Germany allows the Iranian-owned European-Iranian trade bank (EIH) to operate in Hamburg. The EIH holds more than $400 million that Tehran wants to receive in cash ahead of a second wave of U.S. sanctions due in November that impact banks and Iran’s energy sector,” writes Fox News.
The President slammed Iran with new sanctions earlier this week, saying the harsh penalties were the “most biting” restrictions placed on Tehran in history.
Read the full story at Fox News.