Court of Justice Freezes Part of EU Sanctions on Iran

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.