BBC News - Iran nuclear: Firms' asset freeze annulled by EU court

BBC News - Iran nuclear: Firms' asset freeze annulled by EU court:

"

Western sanctions have undermined the Iranian rial

The EU's top court has ruled that the EU should unfreeze the assets of seven Iranian banks and other businesses hit by sanctions.

The European Court of Justice (ECJ) said there was insufficient evidence that the businesses concerned were involved in nuclear proliferation.

Post Bank Iran, Iran Insurance Company and Export Development Bank of Iran are among those listed by the ECJ.

EU and US sanctions are aimed at curbing Iran's nuclear programme."

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