In a setback for the United States’ attempts to isolate Iran, a European Union court threw out sanctions Friday on seven Iranian companies, including four banks, rejecting arguments that they were acting as front companies to bypass the punitive measures. http://www.nytimes.com/2013/09/07/world/europe/european-union-wrongly-imposed-sanctions-on-iranian-companies-court-rules.html?ref=world The General Court in Brussels, the union’s second-highest tribunal, ruled that the bloc wrongly imposed sanctions against the Iranian companies as part of its efforts to stop Iran from developing nuclear weapons
The ruling in Europe involved decisions by the union’s governments to freeze the accounts of companies, including Post Bank of Iran, the Iran Insurance Company, Good Luck Shipping and the Export Development Bank of Iran, from 2008 to 2011.
In a statement, the General Court ruled that the Council of the European Union, an executive body of government ministers from all union countries, did not “properly establish” that the companies “had provided support for nuclear proliferation.”
The ruling in Brussels was the latest in a string of reversals for European Union governments, which have been reluctant to share evidence that they deem overly sensitive or that might compromise intelligence gathering.