German government is negotiating with Iran to buy oil due to the Russian sanctions, media have reported.

The chief economist of the partly state-owned LBBW bank in the southwestern German state of Baden-W�rttemberg has announced that Germany is in secret talks with the Islamic Republic of Iran to buy Iranian oil, the Israeli regime newspaper�The Jerusalem Post�revealed.

�Intensive talks are already being held behind the scenes with Venezuela, Iran or Algeria to cover Germany's oil and gasoline needs,� said Moritz Kraemer, the chief economist of the Landesbank Baden-W�rttemberg (LBBW).�The comment by Kraemer was made in the context of how Germany plans to cover its energy needs in light of the country�s efforts to wean itself off Russian gas dependency.

Bernd Wagner, a spokesman for LBBW, told the Israeli newspaper that �as a matter of principle, LBBW does not conduct any Iran-related business.�

When asked about Kraemer�s statement about secret talks with Iran, Wagner said �There seems to be a misunderstanding. The chief economist is talking about the national economy, not about LBBW's business. We have a very clear distinction here.�

Kraemer's comment was published on the LBBW website, according to the report.

It is unclear how Germany would buy gas from Iran at this time because of US sanctions on Iran�s energy sector.

 

 

 

By MEHR�