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Wednesday, 06 February 2013 17:24

EU Removes Iran's Bank Saderat from Sanctions List

EU Removes Iran's Bank Saderat from Sanctions List

Iran's Bank Saderat has been removed from the European Union's sanctions list, the bank's public relations announced on Wednesday.

 

According to FNA, an EU court in charge of the case overruled the Union's earlier verdict and issued a ruling in support of Bank Saderat after intensive legal work and the bank's follow-up measures, striking the name of Bank Saderat off the EU sanctions list.

The EU court ruling in support of Bank Saderat came despite the extensive efforts made by the Union lawyers and legal advisors to maintain the sanctions.

Two other Iranian banks, Bank Mellat and Bank Sina, were earlier removed from the EU's sanctions list.

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