Identifier
Created
Classification
Origin
06VIENNA3524
2006-12-12 10:37:00
SECRET
Embassy Vienna
Cable title:
AUSTRIAN RESPONSE TO DEMARCHE ON IRANIAN FINANCIAL
how-toVZCZCXYZ0014 OO RUEHWEB DE RUEHVI #3524 3461037 ZNY SSSSS ZZH O 121037Z DEC 06 FM AMEMBASSY VIENNA TO RUEHC/SECSTATE WASHDC IMMEDIATE 5762 INFO RUEATRS/DEPT OF TREASURY WASHDC IMMEDIATE
S E C R E T VIENNA 003524
SIPDIS
SIPDIS
FOR ISN/CPI, NEA/IR, AND EUR/AGS
E.O. 12958: DECL: 12/12/2016
TAGS: EFIN PARM KNNP PREL PGOV IR AU
SUBJECT: AUSTRIAN RESPONSE TO DEMARCHE ON IRANIAN FINANCIAL
ACTIVITIES CONCERNING MOBARAKEH
REF: STATE 194742
Classified By: Acting Deputy Chief of Mission Gregory E. Phillips for
reasons 1.5 (b) and (d)
S E C R E T VIENNA 003524
SIPDIS
SIPDIS
FOR ISN/CPI, NEA/IR, AND EUR/AGS
E.O. 12958: DECL: 12/12/2016
TAGS: EFIN PARM KNNP PREL PGOV IR AU
SUBJECT: AUSTRIAN RESPONSE TO DEMARCHE ON IRANIAN FINANCIAL
ACTIVITIES CONCERNING MOBARAKEH
REF: STATE 194742
Classified By: Acting Deputy Chief of Mission Gregory E. Phillips for
reasons 1.5 (b) and (d)
1. (S/NF) Acting DCM and EconUnit Chief delivered reftel
points on December 7 to Thomas Wieser, Director General of
Economic Policy and Financial Markets in the Ministry of
Finance (U/S-level). Wieser said that in his view, "if the
letter of credit had not come from Bank Saderat, it would
have come from another Iranian bank." Wieser maintained that
during the September IMF/World Bank meetings in Singapore,
Treasury Secretary Paulson had urged the international
community to follow the USG lead to cut off Bank Saderat from
national financial systems. According to Wieser, Secretary
Paulson also acknowledged that, absent UN financial sanctions
against Iran, there is no legal obligation for western banks
to forgo legitimate business opportunities with Iran. Wieser
stressed that, unless there is an export control issue, the
MoF would not recommend the Kontrollbank terminate the export
guarantee to Voest Alpine because of the Bank Saderat letter
of credit.
MCCAW
SIPDIS
SIPDIS
FOR ISN/CPI, NEA/IR, AND EUR/AGS
E.O. 12958: DECL: 12/12/2016
TAGS: EFIN PARM KNNP PREL PGOV IR AU
SUBJECT: AUSTRIAN RESPONSE TO DEMARCHE ON IRANIAN FINANCIAL
ACTIVITIES CONCERNING MOBARAKEH
REF: STATE 194742
Classified By: Acting Deputy Chief of Mission Gregory E. Phillips for
reasons 1.5 (b) and (d)
1. (S/NF) Acting DCM and EconUnit Chief delivered reftel
points on December 7 to Thomas Wieser, Director General of
Economic Policy and Financial Markets in the Ministry of
Finance (U/S-level). Wieser said that in his view, "if the
letter of credit had not come from Bank Saderat, it would
have come from another Iranian bank." Wieser maintained that
during the September IMF/World Bank meetings in Singapore,
Treasury Secretary Paulson had urged the international
community to follow the USG lead to cut off Bank Saderat from
national financial systems. According to Wieser, Secretary
Paulson also acknowledged that, absent UN financial sanctions
against Iran, there is no legal obligation for western banks
to forgo legitimate business opportunities with Iran. Wieser
stressed that, unless there is an export control issue, the
MoF would not recommend the Kontrollbank terminate the export
guarantee to Voest Alpine because of the Bank Saderat letter
of credit.
MCCAW