The European Court decided to lift EU sanctions against Iran's leading shipping company IRISL, Brussels online newspaper EUobserver reported.
"On Tuesday the Court of Justice decided to lift the sanctions against Iran's biggest shipping line IRISL explaining that the EU has not provided evidence of its complicity in the alleged Iranian programme to develop nuclear weapons," RIA Novosti reported with the reference to EUobserver.
Earlier, the European Court overturned the freezing of assets imposed on seven Iranian financial institutions and other companies. By a court resolution, the assets of the following banks Post Bank Iran, Export Development Bank, Persia International Bank and Bank Refah Kargaran are being unfrozen, as well as the Iran Insurance Company, Good Luck Shipping and construction firm Iranian Offshore Engineering & Construction. The assets of the manager based in Hamburg of the Hanseatic Trade Trust & Shipping (HTTS) Naser Bateni will be unfrozen as well.
The EU Court lifted sanctions as it failed to produce sufficient evidence that the listed companies were involved in financing a programme to develop nuclear weapons.
The court order does not come into force immediately and EU countries will be able to appeal during the next two months.
The United States, several Western countries and Israel suspect Iran of developing nuclear weapons under the guise of a peaceful nuclear energy programme. Tehran says its nuclear programme is aimed solely at meeting the country's electricity needs.
Currently four sanction resolutions of the UN Security Council operating against Iran and adopted unilaterally by a number of countries and organisations require Iran to provide full transparency of its nuclear programme and to prove it is exclusively for peaceful purposes.
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