Iran’s subverting EU sanctions

The European Union (EU) is running out of time to appeal a court ruling that will subvert sanctions they have placed on Iran.  The EU was given two months to appeal a decision made by the EU’s General Court in February that will lift sanctions on Bank Saderat of Iran.

The court’s ruling cited that the EU — which claimed that Bank Saderat was involved in Iran’s nuclear program — was “in breach of the obligation” to prove this claim.

The court’s ruling further rests on false claims that the Iranian government no longer owned the majority share of the bank, when in fact; the Iranian government is still the largest single shareholder of the bank through what some refer to as a privatization scam, specifically designed to undermine the international sanctions placed on Iran.

Iran won a similar ruling in January against EU sanctions towards Bank Mellat.  The court ruling is based on Iran’s manipulation of privatization laws; this will undermine sanctions placed there to prevent Iran from obtaining nuclear weapons.  The deadline to appeal the court’s ruling is quickly approaching.  If it goes undisputed, Iran’s ability to fund its nuclear ambitions will only accelerate.