The European Union yesterday re-imposed sanctions on an Iranian bank and 32 Iranian shipping companies using new legal justifications after a European court overturned the sanctions.
The decision comes days after Iran and six world powers reached a framework agreement to end a dispute over Iran’s nuclear activities, which caused the imposition of sanctions. The EU sanctions will remain in place until a final deal is reached.
In January, the second highest court in the European Union cancelled a freeze on the assets of Bank Tejarat and 40 Iranian shipping companies after it concluded that there was an error in the legal …read more
Source: Middle East Monitor
