EU court to get evidence of Iran bans impacts
Iran’s Bank Tejarat says it will soon submit documents to the Court of Justice of the European Union (CJEU) regarding the damages it has suffered as a result of EU sanctions.
The announcement was made by Mohammad-Ebrahim Moqaddam, the governor of Bank Tejarat.
In an interview with Iran’s IRNA news agency, Moqaddam said he could not specify the exact amount of the damages as this could undermine the bank’s share prices in the Tehran Stock Exchange (TSE).
He added that Bank Tejarat had briefed the attorneys of the case for the past several days, stressing that a final ruling could be issued within the next four months.
Last month, Moqaddam said a lawsuit had been filed against the EU at the CJEU for the losses it incurred as a result of several years of sanctions by the Union.
He emphasized that that the lawsuit was based on damage assessments that had been carried out by a group of international accounting and auditing experts.
EU sanctions had been imposed on Tejarat Bank as well as over two dozen Iranians over what they called their involvement in the development of Iran’s peaceful nuclear energy program and had circumvented the US-led sanctions against the Islamic Republic.
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