Iran's ILC Files Lawsuit against EU

Iran LNG Company (ILC) lodged a complaint with an international court against the EU for its ban on the liquefied natural gas producer company.
    

"Following the EU's decision to blacklist this company (last year) a number of (legal) advisors and an international legal firm have been employed to present credible documents and evidence (in favor of ILC)," a statement by the ILC said on Tuesday.

It added that the international court has demanded that the European bloc submit documents justifying the ban on the ILC.

After the UN Security Council ratified a sanctions resolution against Iran on June 9, 2010, the United States and the European Union imposed further unilateral sanctions against the Islamic Republic over its nuclear program, mostly targeting the country's energy and banking sectors.

Tehran has always dismissed West's pressures and stressed that sanctions and embargos merely consolidate Iranians' national resolve to continue the path of progress and will harm the economies of the supporters of sanctions.

The EU measure was ratified at a ministerial meeting in January 2012, but the 27-member bloc deferred its implementation until July 1.

Meantime, analysts believe that the EU started implementation of the sanctions against Iran at a time when it is experiencing its worst economic conditions.

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