Germany to cut economic aid from firms dealing with Iran

By JPOST.COM STAFF
January 26, 2009 16:06

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

German Chancellor Angela Merkel instructed Economics Minister Michael Glos to stop issuing government guarantees to German enterprises trading with Iran, Handelsblatt reported on Monday. The newspaper reported that the move was seen as a response to growing criticism from Germany's partners, primarily Israel and the US, on the fact that German-Iranian commerce had significantly grown over 2008, despite UN sanctions on nuclear-ambitious Iran. According to Handelsblatt, Germany's new sanctions join similar British and French measures aimed at backing US President Barack Obama's position of increasing non-military measures against Iran in order to force it into diplomatic talks.

Related Content

Bushehr nuclear Iranian
August 5, 2014
Iran and the bomb: The future of negotiations

By YONAH JEREMY BOB