EU countries to change Iranian carrier verdict

Governments in the EU will likely try to appeal an EU conviction that repeals financial sanctions against Iran's biggest carrier.

Iran's largest carrier, Islamic Republic of Iran Shipping (IRISL) will likely not know whether the financial sanctions against the carrier will be repealed, even though the EU Court in September ruled to repeal the sanctions. According to Reuters, several European governments have begun preparations to reintroduce the sanctions.

Several diplomats have told Reuters that the governments agreed this week to send a letter to the shipping company and its subsidiary the two parties of their intentions. However, the decision is not yet valid, though it marks the beginning of an escalated effort against a number of EU convictions aimed at repealing sanctions like the one against IRISL.

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