EU court nixes sanctions on Iran banks

The European Union’s top court has thrown out sanctions imposed against eight Iranian banks and companies for their alleged ties to Iran™s nuclear energy program.
On Friday, the European Court of Justice in Luxembourg ruled that there was not sufficient evidence to justify the unilateral sanctions imposed by the bloc on the Iranian entities, AP reported.
The court, however, said the sanctions will stay in place for at least two months pending any appeal.
The United States, Israel and some of their allies have repeatedly accused Iran of pursuing non-civilian objectives in its nuclear energy program, with the US and European Union using the claim as an excuse to impose illegal sanctions against Tehran.
Iran has categorically rejected the allegation, stressing that as a committed member of the International Atomic Energy Agency (IAEA) and a signatory to the Non-Proliferation Treaty, it is entitled to develop nuclear technology for peaceful purposes.

In addition, the IAEA has conducted numerous inspections of Iran’s nuclear facilities, but has never found any evidence showing that Iran’s civilian nuclear program has been diverted toward military objectives.
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