Tag Archives: Post Bank of Iran

EU court confounds US and limits sanctions on Iran

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 […]