$400 million transfer to Iran blocked

‘This is huge’: US Ambassador Grenell quietly blocks $400 million transfer from Germany to Iran

A transfer of nearly $400 million in cash to Iran has been blocked by Germany’s central bank in what appears to be a response to efforts by the U.S. ambassador to Germany.

Last month, Ambassador Richard Grenell urged Berlin to prevent Iran’s withdrawal of large sums of cash from German bank accounts in an effort to offset U.S. sanctions that took effect following Washington’s withdrawal from the 2015 Iran nuclear deal.

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