UK seeks to renew Iran sanctions despite court setback - The National

UK seeks to renew Iran sanctions despite court setback - The National:

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The United Kingdom government is seeking to renew sanctions against Iran's largest private bank, despite Britain's Supreme Court finding no evidence Bank Mellat had helped to fund Iran's nuclear programme.

Last month nine UK senior judges ordered the sanctions against the Tehran-based lender be removed after labelling the measures as "irrational". But Britain's treasury is now seeking to reinstate the listing through European Union courts. The treasury is attempting to intervene in the EU Council's appeal against an earlier decision by the EU General Court to declare EU sanctions against Bank Mellat as unlawful.

"The treasury's evidence has been found wanting by the highest court in the UK. These continued actions at the EU are an attempt to maintain sanctions against Bank Mellat by the back door," said Sarosh Zaiwalla, senior partner at Zaiwalla & Co, Bank Mellat's London law firm."

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