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Pajamas Media, November 27, 2008

Sanctions? What Sanctions? German-Iranian Trade Booms

By Matthias Küntzel

While the United States reacts to reports that Iran had enriched enough uranium for a nuclear weapon with concern and calls for tighter sanctions, in Germany it is business as usual.

Today, many of the leading lights of German-Iranian trade will be meeting today at a conference in Hamburg in order to discuss how further to promote the “success” of German business with Iran.

The title of the conference is “Iran Sanctions: Practical Consequence for German Firms.” The organizer is the Hamburg-based German-Iranian Chamber of Commerce, which was founded in 1936 and resumed its activities in 1952 with largely the same personnel as before. The Chamber of Commerce continues to work with the Iranian Saderat Bank: a bank that was blacklisted by the United States in September 2006 on account of its relations with terrorist groups like Hezbollah, Hamas and Islamic Jihad.

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