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Iran forgoes plans to transfer funds from Germany after U.S. opposition: sources

September 5, 2018 9:48 AM
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FRANKFURT (Reuters) - Iran is forgoing plans for now to transfer about 300 million euros ($347 million) in funds held in Germany to Iran after strong opposition from the United States, two sources with knowledge of the matter said on Wednesday.

The funds are held at the Hamburg-based Europaeisch-Iranische Handelsbank (eihbank). The bank was not immediately available for comment.

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