Iranian University to Sue EU over Illegal Sanctions

TEHRAN (Tasnim) – Acting chancellor of Iran’s Sharif University of Technology announced that the institution plans to file complaint against the European Union (EU) for imposing sanctions on the university.

Iranian University to Sue EU over Illegal Sanctions

“Definitely, the issue (complaint against the EU) will be on our agenda,” Mahmoud Fotouhi told the Tasnim News Agency on Monday, a day after the British government announced that it has lifted asset freeze on the university.

“Members of Sharif University’s International Relations Department will study details of the issue and pursue it,” he said.

Britain also announced that it has lifted asset freeze on four other entities and an Iranian individual following a verdict issued by an EU court.

The move by the British Treasury came after the General Court of the European Union annulled the sanctions against an Iranian businessman and five firms, including Sorinet Commercial Trust (SCT), Sharif University of Technology, National Iranian Tanker Company (NITC), Moallem Insurance Company (MIC) and Sina Bank.

The rulings in respect to the businessman, Sorinet Commercial Trust, Sharif University of Technology, and the NITC were passed on July 3, 2014.

The verdict regarding Moallem Insurance Company was handed down on July 10, 2014, while the decision on Sina Bank was issued on June 4, 2014.

Since the judgments were not appealed within the designated two months, they have now come into effect.

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