Germany's Renk plans to bypass German Chancellor's Merz embargo, export to Israel

Good news! I like entrepreneurs with a spine! What is wrong with Chancellor Merz?

"German defense contractor Renk Group, which manufactures gearboxes for Israeli tanks and armored vehicles, has announced that it is working on a way to bypass Germany's decision to halt arms sales to Israel, the company’s CEO, Alexander Sagel, told The Financial Times in an interview.

Sagel explained that it had a “responsibility” to ensure that Israel can “maintain its deterrence capabilities.” 

According to Sagel, the company was still trying to understand the consequences of Chancellor Friedrich Merz’s announcement last week that he would suspend the sale of military products that could be used in Gaza. ..."

"...  But he added that the company, which has a market capitalisation of €6.3bn, was considering other ways of fulfilling its contracts if the ban was confirmed by Germany’s security council. ..."

Germany's Renk plans to bypass embargo, export to Israel | The Jerusalem Post "Renk CEO, Alexander Sagel, told the Financial Times that the company has a “responsibility” to ensure that Israel can “maintain its deterrence capabilities.”"

Defence supplier Renk threatens to sidestep German ban on Israel arms exports "Chief says group has ‘responsibility’ to help Israel ‘maintain its deterrence capabilities’"

CEO  Alexander Sagel