Middle East Economic Survey

VOL. LIV

No 15

8-Apr-2011

IRAN

EIH Bank Targeted By German Lobby Group

Germanys Jewish Council is lobbying Berlin to close down Hamburg-based Europaeisch-Iranische Handelsbank (EIH), which is being used to channel funds for the purchase of Iranian crude oil, Handelsblatt reported on 4 April. India recently began paying for Iranian oil via the German central bank and EIH, after the Central Bank of India stopped using the Asian Clearing Union to make payments to...