BREAKING NEWS

EU court rules against sanctions on seven Iranian companies

By REUTERS

SEPTEMBER 6, 2013 11:42

BRUSSELS - A European Union court ruled on Friday that the EU should lift sanctions it imposed against seven Iranian companies, dealing a new blow to Europe's efforts to use economic pressure to rein in Tehran's disputed nuclear work.

The ruling, which can be appealed, follows similar decisions earlier this year against sanctions imposed on two of Iran's biggest banks.

It covers: Post Bank Iran, Iran Insurance Company, Good Luck Shipping, Export Development Bank of Iran, Persia International Bank, Iranian Offshore Engineering and Construction Co and Bank Refah Kargaran.

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