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European Union sanctions on Iran's main oil tanker firm annulled

European Union sanctions on Iran's main oil tanker firm NITC have been annulled after the EU did not appeal against a court ruling that the measures should be lifted, the shipping group's lawyer said on Tuesday.

 

An EU official told Reuters the European Union was working to resolve the issue, adding: "The time for appeal had elapsed but work is still ongoing on remedial action for maintaining the entity on the list."

 

In July the Luxembourg-based General Court, the second-highest court in the EU, ruled there were no grounds to blacklist NITC in the bloc after the company contested the designation. Rulings are typically suspended for two months pending appeals.

 


פרסום ראשון: 10.07.14, 21:36