Analysis: Why did Germany capitu... JPost - Iranian Threat - News: "In 2009, EIH was used by [the Deutsche] Postbank in a sanctions evasion scheme which involved handling transactions on behalf of UN-designated Bank Sepah. EU-designated Bank Mellat is one of EIH’s parent banks,' according to the EU sanctions list. (Both Bank Sepah and Bank Mellat are based in Tehran.) The Merkel administration had consistently ignored warnings from the French, American and British governments about EIH’s nuclear and military activities. Last year, the US Treasury Department sanctioned EIH because it had served to advance Iran’s nuclear and rocket programs.
The International Herald Tribune reported last summer that Chancellor Angela Merkel snubbed President Barack Obama’s request to close EIH.
According to a WikiLeaks cable from 2008, Will Gelling, the head of the British Foreign Office’s Iran Coordination Group, said the UK “is pushing Germany on this bank with a view to an EU listing,” but “Germans are pushing back."
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