By Stephen Levy
The Financial
Times reported on September 18th that the Court of Justice
rejected the European Union’s freeze on the assets of the Central Bank of Iran.
The court, located in Luxembourg, rejected the use of confidential evidence
from anonymous sources, which Iran’s representatives could not defeat in court.
The European Union claimed that other sanctions against the Central Bank
remained in place, and that the decision would affect only a small proportion
of the bank’s assets. However, the decision might help the easing of the
sanctions, Iranian business officials suggested.
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