Aletho News

ΑΛΗΘΩΣ

EU court verdict on Iran sanctions angers US

Press TV – September 7, 2013

A new EU court ruling that rejected sanctions on a number of Iranian entities has drawn the ire of the United States, prompting Washington to extend its illegal embargoes against more individuals and businesses.

The EU’s General Court in Luxembourg lifted the bloc’s sanctions against seven Iranian companies on Friday, ruling that there wasn’t sufficient evidence to justify the embargoes.

The top EU court ruled that the bloc wrongly blocked the accounts of Post Bank of Iran, the Iran Insurance Company, Good Luck Shipping and the Export Development Bank of Iran, from 2008 to 2011.

“We are very disappointed by the [EU] court’s decision today,” a spokesman for the US Treasury Department said in a statement on Friday.

The US Treasury later announced that it blacklisted six individuals and four businesses over their alleged links to Iranian oil sales.

At the beginning of 2012, the US and the European Union imposed new sanctions on Iran’s oil and financial sectors aimed at preventing other countries from purchasing Iranian oil and conducting transactions with the Central Bank of Iran.

The illegal US-engineered sanctions were imposed based on the unfounded accusation that Iran is pursuing non-civilian objectives in its nuclear energy program.

Iran rejects the allegation, arguing that as a committed signatory to the nuclear Non-Proliferation Treaty (NPT) and a member of the International Atomic Energy Agency (IAEA), it has the right to use 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 nuclear activities have non-civilian purposes.

September 7, 2013 - Posted by | Economics | , , , , , ,

1 Comment »

  1. What would the USA say when the EU would be “angered” by a decision (or ruling) by the Federal Supreme Court of the USA?

    The European General Court (as it is referred to in the the article) is in fact the Federal Supreme Court of the European Union!
    Of course the European Union is not a federation of states as the United States of America is, but as a Union of States it in fact functions as such!

    The rulings by the General Court of the EU are rulings that must be adhered to by all twenty-eight (28) countries that form the European Union (do consider the countries of the EU sort of equal to the states of the USA….. for arguments sake :-{) ), no country can deny the rulings, no country can by-pass the rulings! The rulings by the EU-General Court are to be implemented by all 28 countries/states of the EU!

    Being “angered” by a ruling of the highest court of the country is, to put it really mildly, a slap in the face of that country, a show of total disrespect for the judicial system of that country/group of countries/states!

    Of course, the United States of Europe does not exist (yet), but when it comes to rulings by this court, be assured that it is equal to the rulings by the Supreme Court of the USA, and of course the USA is not held to follow the rulings by the EUGC, as the EU is not bound by the rulings of the USSC, but showing disrespect for the rulings is the last thing that can be done!

    No individual in a position of responsibility and or importance would ever think of showing such disrespect for the rulings of an allies highest court!

    S|hocking, and unforgivable!

    Like

    masteradrian's avatar Comment by masteradrian | September 8, 2013 | Reply


Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.