Economy, Business And Markets

Bank Sina Sanctions Lifted

Bank Sina Sanctions LiftedBank Sina Sanctions Lifted

A European Union court has ruled western sanctions against Iran’s Bank Sina to be illegal, according to the Bank’s CEO. Although the EU High Court ruled in favor of the bank, the company’s head said the European authorities have yet to remove the financial institute officially from the list of sanctioned companies. He added that the bank has not yet received any financial restitution from the authorities and is likely to follow this up with legal procedures to regain lost income.