NITC completely removed from EU sanctions list

Tehran, Oct 6, IRNA – National Iranian Tanker Company (NITC) has been completely removed from EU sanctions list, NITC Managing Director Ali-Akbar Safaei said on Monday.
After the General Court of the European Union on July 3 annulled sanctions imposed on NITC by the European Commission, the European body had 70 days to appeal against the ruling.

As the EU did not appeal against the ruling of the General Court of the European Union within the 70-day legal time, the NITC is completely removed from the list of EU sanctions, Safaei said, speaking in a press conference.

NITC was listed in October 2012.

Safaei said the EU decision not to appeal against the ruling was due to the positive atmosphere created in the Europe toward Iran.

Removal of NITC from the EU sanctions has also been confirmed by the British Department of Treasury.

By IRNA

 

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