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EU lifts sanctions on Iran’s IRISL

The European Court of Justice has lifted ban imposed on the Islamic Republic of Iran Shipping Lines (IRISL) and 17 other Iranian companies, ordering the 27-nation bloc to strike them off its list of embargoed entities, Fars news has reported. In June 2011, the EU targeted over 30 IRISL holding companies, as part of a wider sanctions campaign led by the Western states aimed mostly at forcing Tehran to curb its nuclear energy drive. "After the European Union imposed its unilateral sanctions, the IRISL put revocation of the EU's illegal decisions on its agenda and eventually after months of efforts, follow-ups and holding meetings, the European Court of Justice in a verdict issued this morning (Monday, September 16) ordered revocation of the EU's sanctions," said IRISL managing director, Mohammad Hossein Dajmar.