EU banks into Russian Roulette

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EU banks into Russian Roulette
European banks reestablish business relations with Iran
HEADLINE

Iran and the P5+1 group (United States, Britain, France, China, Russia and Germany), reached the nuclear agreement, dubbed the Joint Comprehensive Plan of Action (JCPOA), in July 2015 in the Austrian capital Vienna. The agreement went into effect on January 16. Under the JCPOA, Iran agreed to put some restrictions on its nuclear energy program in exchange for relief from economic sanctions that had been imposed on the Islamic Republic based on the unfounded accusation that Tehran is pursuing non-civilian objectives in its nuclear program.

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   US banks remain banned from dealing with Iran as part of an old US trade embargo that still remains in place. USA left the sanctions on, and it’s still illegal for American banks to conduct business with Iran. But in May 2016, on his EU visit, the US Secretary of State, promised EU banks that there will be no consequences upon them, if doing business with Iran. Remains unknown why it’s OK for Europeans to conduct business with Iran, but this same thing is forbidden for Americans.
   Rightfully, some European banks remain on the front line, scarred by a string of multibillion-dollar fines for previous sanction breaches in Iran. On the other hand banks know that there is no legitimate business in Iran, not even one sector. Cooperation with Iran is impossible- laws in Iran, are manipulative and unthinkable for EU democratic laws.

With entering in illegitimate business, your work will only suffer losses- nothing more. You should know that this is why Washington doesn’t leave their banks burn!

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There are many banks in the EU conducting business with Iran, like: DZ Bank– Germany; KBC– Belgium; Erste Bank– Austria; Oberbank– Austria; Raiffeisen Bank– Austria; Gazprom Bank– Russia; EIH– Germany; Melli Bank– Germany; Sparkasse Koeln-Bonn; BCP– Switzerland; Fiducia Bank– Switzerland; Danske Bank– Denmark; SEB Bank– Sweden; Unicredit– Italy; MPS– Italy; Popolari di Vicencia– Italy; British Arab Commercial Bank– England, etc..

Some of the businesses (cooperating with these banks) are related and controlled by the IRGC- Islamic Revolutionary Guard Corps.

Whole Iran’s banking sector is controlled by IRGC, all money they’re making, are used for supplying and upgrading Iran’s Nuclear Plant!
ifmat-eu-banks-into-russian-roulette-dz-bankIn the announcing statement DZ Bank–Germany, were saying “We have started on-boarding Iranian banks in terms of trade finance co-operation, according to standard procedures. Going forward we might also seek to build correspondent banking relationships”.ifmat-eu-banks-into-russian-roulette-erste-bankAustria’s Erste Bank have started handling transactions on behalf of European clients doing business in Iran following the removal of sanctions against the country.ifmat-eu-banks-into-russian-roulette-oberbankOberbank is an independent regional bank located in the heart of Europe and headquartered in Linz in the north-center of Austria and Raiffeisen Bank International is the central and the largest institution of the Raiffeisen Banking Group.ifmat-eu-banks-into-russian-roulette-gazprom-bankGazprombank is one of the three largest banks in Russia and ranks fifth on the list of banks in Central and Eastern Europe. The bank is owned by the Russian natural gas company Gazprom.

 

ifmat-eu-banks-into-russian-roulette-eih-bankFrom the EIH, official webpage: “Europäisch-Iranische Handelsbank has a international network of correspondent banks and two branches in Tehran and the Iranian free trade zone Kish Island.” “Since its foundation in 1971, Europäisch-Iranische Handelsbank AG is geared as a specialist bank towards business relations with Iran, with customers and business partners in Germany and Iran as well as in Europe and other parts of the world.”ifmat-eu-banks-into-russian-roulette-kcb-bankKBC, Belgium’s biggest bank, has announced that “KBC indeed has developed correspondent relationships with several state-owned and private Iranian banks.”ifmat-eu-banks-into-russian-roulette-bank-melliFrom the Bank Melli Iran- Germany, official webpage: “Founded in 1928, the bank opened the Hamburg Branch in 1965. The German city is not only the country’s most important port for foreign trade but has also a large Iranian community.” “When it comes to our core business – the settlement of foreign trade transactions with Iran – we are at the right location. We offer corporate clients from Iran and Europe trade-finance solutions, guarantees, letters of credit, documentary collection services and international payments.”

These and many more European banks conduct business with Iran, in unsafe and risky business environment. These kind of banks leads the way for other banks to join in and provide the business infrastructure needed for many foreign investors to invest in corrupted Iran

As US entities step out of dangerous agreements as this, EU entities step in. WHY ?

European countries that decided to shake hands with corrupted Iran:

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How many more European countries will decide to shake hands with inhuman Iran?

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WHERE ARE EU BANKS ENTERING? DO YOU REALLY SUPPORT THIS?
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image source: pbs.org
Iran’s killing humans for nothing on every day basis!
Do you know that by supporting Iran’s economy you support killing of human rights?
Allowing Iran to establish connections with EU over EU entities, make it easier for Iran to fund illegal activities
WHY directors of EU banks support this?!

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WE CALL FOR

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   We want to prevent banks and other entities from facing losses. You can not see the risk of your collaboration with Iran now, but you are making someone’s dream- reality. You can’t see now what you’re pushed into, but you should know that you’re fighting someone else’s war.
   We believe that by approaching major banks, which are still hesitating regarding this matter, with this information, by explaining the risks, will enable them, to influence smaller banks to reconsider any financial ties with Iran.

EU banks must know: There is no legitimate business in Iran! If it wasn’t so, Washington wouldn’t be taking ‘odd position’ by asking Europe’s banks to engage with Iran while restricting US firms from doing so.