"Big success", as court lifts sanctions against Iranian Shipping Lines company

Iran Materials 16 September 2013 17:55 (UTC +04:00)

Azerbaijan, Bak, Sept. 16 / Trend, T. Jafarov, S. Isayev

The European court has lifted sanctions against 18 Iranian companies on Monday, including Islamic Republic of Iran Shipping Lines, Fars news agency reported.

The manager of Islamic Republic of Iran Shipping Lines, Mohammad Hossein Dajmar told Fars.

He went on to note that Iran used qualified lawyers in court to present its case, and eventually the court has made a decision in favor of Iran.

He also said that it was a "big success" for Islamic Republic of Iran Shipping Lines.

On Sept. 6, European Union court ruled that the EU should lift sanctions it imposed against seven Iranian companies, Reuters reported.

The ruling, which can be appealed, follows similar decisions earlier this year against sanctions imposed on two of Iran's biggest banks.

Governments in Europe and the United States are hoping sanctions against such companies will make it more difficult for Tehran to fund its nuclear program, which they fear is designed to give Iran the capability to build bombs.

Iran denies having such intentions and says it needs nuclear power for energy generation and medical research.

The General Court, Europe's second-highest, said however that the EU had failed to produce sufficient evidence the listed companies were involved in the atom work.