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July 20, 2010       Share:    

Source: http://online.wsj.com/article/SB10001424052748704229004575371341662207242.html

German Bank Tied to Iran Nuclear Effort

(Wall Street Journal) Peter Fritsch and David Crawford - Tehran is increasingly relying on a small, Iranian-owned bank in Germany to conduct business on behalf of the regime's blacklisted companies, Western officials say. The European-Iranian Trade Bank (also known as EIH Bank) has done over a billion dollars of business for Iranian companies associated with Iran's conventional military and ballistic missile procurement programs, including companies blacklisted by the U.S., UN and EU.

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