BREAKING NEWS

Europe's top court strikes down sanctions on Iranian company

By REUTERS

NOVEMBER 28, 2013 16:13

BRUSSELS - Europe's highest court struck down EU sanctions against an Iranian power company on Thursday, the latest legal ruling against measures that the European Union has imposed over Iran's nuclear program.

While sanctions are set to be relaxed under a deal last week in which Tehran promised to limit parts of its nuclear work, the EU is still keen to have the option to impose trade restrictions in the future should Iran waver.

That could be complicated by this decision, the first such judgement by Europe's top court, and previous EU legal rulings.

A lower EU court had already overturned several sanctions due to the refusal by EU states to disclose evidence linking their targets to Iran's nuclear work. The governments argue that doing so may expose confidential intelligence.

That position was rejected once again on Thursday, by five judges at the European Court of Justice who said that if a case is to be made, evidence must be presented.

The ruling overturned sanctions against Fulmen, a company that the US government has named as involved in building a secret uranium enrichment plant in Iran, as well as its majority shareholder, Fereydoun Mahmoudian.

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