Zamaneh Media
  • Latest Articles
  • Latest News
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Contact us
    • Legal
  • Advertise
No Result
View All Result
  • Latest Articles
  • Latest News
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Contact us
    • Legal
  • Advertise
No Result
View All Result
Zamaneh Media
No Result
View All Result

EU court strikes down sanctions on Iranian banks

by Zamaneh Media
February 7, 2013
in Latest Articles
Reading Time: 1min read
0
EU court strikes down sanctions on Iranian banks

An EU court has ruled the sanctions against Iran’s Saderat Bank are null and void. The court had also ruled that sanctions against Mellat Bank, another Iranian Bank, were also unjustified.

Reuters reported on Wednesday February 6 that European countries will have to end sanctions against Saderat Bank because the court had ruled that there is no sound evidence to prove a connection between this bank and Iran’s nuclear program.

The Mellat and Saderat Banks have been boycotted by the EU since July of 2010. The two banks had filed suit with the European court to challenge those sanctions.

Western countries have imposed severe sanctions on Iran, justifying their actions as a move to deter Iran in its nuclear program.

Iran says its nuclear program is peaceful and it has a right to it as an NPT signatory.

The U.S. and EU have imposed severe sanctions on Iran’s oil sector; most recently, according to new U.S. sanctions, payments for Iranian oil cannot be transferred out of a country. Therefore, buyers of Iranian oil can only deposit the cost of their purchases into a bank account in their country but cannot transfer it abroad.

Previous Post

UN group demands release of Iranian lawyer

Next Post

Latest U.S. sanction target oil revenues, state media

Related Posts

Veiled Identity
Latest Articles

Veiled Identity

February 22, 2021
Untold Stories from Encyclopaedia Iranica: Interview with Abbas Amanat
Latest Articles

Untold Stories from Encyclopaedia Iranica: Interview with Abbas Amanat

February 11, 2021
November 2019: Which security and militia institutions started violence and shot people?
Latest Articles

November 2019: Which security and militia institutions started violence and shot people?

January 8, 2021
Encyclopedia Iranica “A real tour de force” is in Peril
Latest Articles

Encyclopedia Iranica “A real tour de force” is in Peril

December 24, 2020
The US Election and the Iranians’ Views: a Reflection of the Hatred for the IRI
Latest Articles

The US Election and the Iranians’ Views: a Reflection of the Hatred for the IRI

November 3, 2020
Invitation to Reflect on a Beheading
Latest Articles

Invitation to Reflect on a Beheading

November 2, 2020

RSS Iran in other media

  • Iran health ministry says virus deaths cross 60000 mark - The Straits Times
  • VIDEO: Saudi Arabia intercepts missile from Iran-backed fighters - Business Insider
  • Iran receives China’s Sinopharm jabs as COVID deaths reach 60,000 - Al Jazeera English
  • Former Israeli ambassador to UN: 'Iran will pay heavy price' - The Jerusalem Post
  • ‘Protecting dignity’: Iran’s push to fight violence against women - Al Jazeera English
  • Iranian Para-taekwondo players studying opponents to make up for no competition - Insidethegames.biz
  • Biden can help 'ease tensions' between Saudi Arabia and Iran, says chairman of Gulf Research Center - ArabianBusiness.com
  • Iran: Sisakht Earthquake Emergency Plan of Action (EPoA) DREF Operation n° MDRIR004 - Iran (Islamic Republic of) - ReliefWeb
  • Iranian-Australians warned of not being recruited as unwitting drug mules - The New Daily
  • Police killed in armed attack in western Iran - Anadolu Agency
Zamaneh Media

© 2020 Zamaneh Media

More information

  • Sponsors
  • Donate
  • About us
  • Contact us
  • Legal

Follow Us

No Result
View All Result
  • Latest Articles
  • Latest News
  • About Zamaneh Media
    • Exiled Media Report
    • Sponsors
    • Donate
    • Contact us
    • Legal
  • Advertise

© 2020 Zamaneh Media