Issue 69  
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22.01.2019 00:28

Rheinmetall May Sue Germany Over Saudi Arms Embargo: Spiegel

Rheinmetall plans to sue the German government over its decision to stop all arms exports to Saudi Arabia after the killing of journalist Jamal Khashoggi, according to Spiegel Online.

Berlin suspended approval of future export licenses to Saudi Arabia in October and in November said it had worked with industry to halt shipments of arms sales that were already approved.

Citing a letter to the Economy Ministry, Spiegel said Rheinmetall intends to sue the German government for loss of revenue if the export suspension continues.

Without citing sources, Spiegel said Rheinmetall believes it can claim for compensation because the government’s decision affected exports that had already been approved.

Spiegel said goods worth up to 2 billion euros ($2.3 billion) are affected by the export suspension, including four Cobra radar systems built by a consortium that includes France’s Thales, Airbus and Lockheed Martin of the United States.

A spokesman for Rheinmetall declined to comment on the report.


 

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