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| Europe | |
| EU court annuls sanctions on Iranian bank, shipping firms | |
| 2015-01-24 | |
| [Ynet] The European Union ...the successor to the Holy Roman Empire, only without the Hapsburgs and the nifty uniforms and the dancing... 's second highest court on Thursday annulled EU sanctions on an Iranian bank and 40 shipping companies hit with asset freezes as part of pressure on Tehran over its nuclear program.
The court's rulings were handed down as six major powers and Iran strive to meet an end-June deadline for a long-term agreement to curb Tehran's nuclear activities in exchange for relief from economic sanctions. The EU put Bank Tejarat, an Iranian commercial bank, under sanctions in 2012, saying it had helped Iran's nuclear efforts. The General Court struck down the sanctions, saying the Council of EU governments had failed to prove that Bank Tejarat had provided support for nuclear proliferation or had helped others to avoid sanctions. It also said the bank was partially privatised in 2009 and the Iranian state was no longer its majority shareholder. | |
| Posted by:trailing wife |
| #3 Bringing it even closer to home: Recent example of what can be done with gov't regulation, the FDIC and banks. |
| Posted by: Besoeker 2015-01-24 07:18 |
| #2 It also said the bank was partially privatised in 2009 and the Iranian state was no longer its majority shareholder. No need to be a 'major shareholder.' All one needs is a phone and a pen. |
| Posted by: Besoeker 2015-01-24 06:12 |
| #1 Betcha President Obama wishes he had the EU court instead of the Republican-controlled Congress to deal with... Nah, they are just as spineless as the EUnchs, and share the same testicular atrophied characteristic. Plus they are closer to home so their waffliness will be fodder for the LSM. |
| Posted by: USN, Ret. 2015-01-24 06:08 |