- Associated Press - Thursday, January 22, 2015

BRUSSELS (AP) - A European Union high court has annulled sanctions that the 28-nation bloc imposed on an Iranian bank and a shipping line and companies linked to it, over Tehran’s nuclear program.

The General Court ruled Thursday that the EU had not justified its decision to impose a freeze on the assets and economic resources of Bank Tejarat, an Iranian commercial bank.

It said the EU did not establish that the bank had been supporting nuclear proliferation or helping others to avoid sanctions.

In a second ruling, the court said the EU had not proved that Ocean Capital Administration and other applicants linked to the Islamic Republic of Iran Shipping lines (IRISL) had supported nuclear proliferation.

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