Azerbaijan, Baku, Sep.17/ Trend F,. Karimov/
Shipments to Iran will increase as sanctions against the country's shipping line have been annulled, IRIB quoted Iran's Ports and Maritime Organization director Ataollah Sadr as saying.
The European court decided to lift EU sanctions against Iranian leading shipping company IRISL, Brussels online newspaper EUobserver reported.
"On Tuesday, the Court of Justice decided to lift the sanctions against Iran's biggest shipping line IRISL, explaining that the EU has not provided evidence of its complicity in the alleged Iranian program to develop nuclear weapons," RIA Novosti reported with the reference to EUobserver.
Earlier, the European court overturned the freezing of assets imposed on seven Iranian financial institutions and other companies. By the resolution of the court assets of the banks Post Bank Iran, the Export Development Bank, Persia International Bank and Bank Refah Kargaran are being unfrozen, as well as insurance company Iran Insurance Company, a shipping company Good Luck Shipping and Construction Company Iranian Offshore Engineering & Construction.
Assets of the manager based in Hamburg, Germany, Hanseatic Trade Trust & Shipping (HTTS) Naser Bateni will be unfrozen as well.
The EU Court lifted sanctions as it failed to produce sufficient evidence the listed companies were involved in financing the program to develop nuclear weapons.