Europe's top court rejects Iranian trade bank's sanctions challenge

March 5, 2015 2:39 PM

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BRUSSELS (Reuters) - Europe's highest court threw out a challenge by a Hamburg-based Iranian trade bank to its inclusion on the European Union's sanctions list on Thursday, a victory for the EU after a number of its Iran sanctions rulings were overturned by courts.

The EU had imposed an asset freeze on Europaeisch-Iranische Handelsbank (EIH) in 2011 as part of sanctions aimed at forcing Iran to address concerns over its nuclear program.

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