Tejarat Relisting Challenge Denied
Tejarat Relisting Challenge Denied

Tejarat Relisting Challenge Denied

Tejarat Relisting Challenge Denied

The General Court of the European Union has dismissed Tejarat Bank’s challenge to an EU decision to relist it back in 2015. Tejarat Bank’s original listing was annulled in January 2015, but was re-imposed in April 2015.The court has said its relisting was not essentially unlawful because it was based on the fact that it supports the Iranian government by offering financial resources and services for oil and gas development projects, which is a significant source of government funding, Europesanction.com reported. EU sanctions had been imposed on Tejarat Bank as well as over two dozen Iranians over allegations that they were involved in the development of Iran’s nuclear energy program. In January 2015, the General Court of the European Union scrapped the sanctions against Tejarat Bank on the grounds that the EU had not presented any justification for freezing the bank’s assets and economic resources. However, the EU in March 2015 re-imposed the sanctions by using what it described as “new legal grounds”.

Short URL : https://goo.gl/iy2gK4
  1. https://goo.gl/Ley0Km
  • https://goo.gl/XLavus
  • https://goo.gl/fGvR2T
  • https://goo.gl/KY1IqT
  • https://goo.gl/KA2f61

You can also read ...

IMF Pledges Continued Work With Central Bank of Iran
More than a week after US Treasury Department blacklisted...
Billet Export Prices Increase
Iranian export steel billet prices picked up in the week ended...
The Sartak-Pishta border gate between the Kurdistan Regional...
More Grain Shipments to Iran
For transport and logistics industry experts, spring is always...
Majlis Forex Options Still on Agenda
Chairman of Majlis Economic Commission said on Tuesday a...
Foiling US Sanctions on Iran: The EU Blocking Regulation
The EU has announced its intention to protect European...
Bank Lending to Economic Sectors Up 14 Percent
Iranian banks and credit institutions allocated 257.2 trillion...
German Companies Seek Ways to Keep Doing Business With Iran
Germany’s small-to-medium-sized firms, or Mittelstand, are...

Add new comment

Read our comment policy before posting your viewpoints