Baku, Azerbaijan, Oct.6
By Fatih Karimov - Trend: Iran's Sina Bank is seeking indemnity for its loss of business after the General Court of the European Union annulled the sanctions against the bank.
Kourosh Parvizian, the governor of Sina Bank, welcomed the British Treasury's move to repeal of an asset freeze on the bank, saying that other European countries are expected to make the same decision, Iran's IRNA news agency reported on October 6.
This is a positive signal which shows the continuation of lifting the international sanctions, he said.
The British Treasury announced on October 5 the repeal of an asset freeze on five Iranian entities and an Iranian businessman following an EU court verdict.
The announcement came after the General Court of the European Union annulled the sanctions against Iranian businessman and five firms, namely, Sorinet Commercial Trust (SCT), Sharif University of Technology, National Iranian Tanker Company (NITC), Moallem Insurance Company (MIC) and Sina Bank.
The rulings in respect to the businessman, Sorinet Commercial Trust, Sharif University of Technology, and the NITC were passed on July 3, 2014.