EU court rules that bloc should lift sanctions on Iran's Bank Saderat

EU fails to prove Bank's involvement in Iranian nuclear programme.


Reuters February 07, 2013
Sanctions lifted off Iranian bank. PHOTO: AFP/ FILE

A European Union court has ruled that EU governments should lift sanctions against one of Iran's largest banks, Bank Saderat, in a decision that could complicate European efforts to impose economic sanctions against the Islamic Republic.

In a ruling on Tuesday, the EU's General Court said the bloc has failed to provide sufficient evidence that Bank Saderat was involved in the Iranian nuclear programme when the bloc targeted it with sanctions in July 2010.

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ