EU Court Overturns Sanctions on Iranian Company

November 28, 2013

Author: 

Benoît Faucon

Publication: 

The Wall Street Journal

The European Union's highest court struck down sanctions against the Iranian energy company Fulmen Group and its chairman, Fereydoun Mahmoudian, ruling that there was no evidence to prove the firm's involvement in nuclear proliferation. However, the court did uphold restrictions on the state-controlled Kala Naft oil equipment company as part of the E.U.'s sanctions against the Iranian energy sector.