LONDON Western government sanctions against Iran suffered a big setback on Wednesday when Britain's top court ruled that the government was wrong to have imposed sanctions on the biggest Iranian private bank over alleged links to Tehran's nuclear program. The Bank Mellat case and 50 more like it pending at the European Union's General Court have cast a cloud over the future of EU ...
The Prime Minister, Dr. Manmohan Singh, has congratulated President-elect Hasssan Rowhani of Iran on his election. Dr. Singh in his congratulatory message said India and Iran enjoy deep historical and civilizational links, which have provided a strong foundation for our broad-based and mutually beneficial relationship. "We look forward to strengthening this relationship further and ...
The United States and the European Union believe Iran is seeking to develop nuclear weapons, but Tehran says its program is for peaceful, civilian purposes. The international community has been trying for years to persuade Iran to end its uranium-enrichment program, but to no avail. Low-enriched uranium can be used for civilian nuclear-power plants, but highly enriched uranium is an ...
Mumbai-born Parsi lawyer Sarosh Zaiwala Wednesday notched a remarkable success in a bank case in the British Supreme Court, with major ramifications on the international banking system, an official said. By the court verdict, the British government's sanctions on Iran's largest private bank, Bank Mellat, were lifted after the its security service's "Secret Court" failed to produce significant ...
Syria's national flag flies during the flag raising ceremony at the Olympic village in London on July 25, 2012. The Syrian conflict appears to have devolved into a proxy war among world powers. (Saeed Khan/AFP/Getty Images) CAIRO, Egypt -- The 17-month-old ...
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Iran's President Mahmoud Ahmadinejad, who has denied the Holocaust existed, holds up copies of the Koran and the Bible as he addresses the 65th United Nations General Assembly at the U.N. headquarters in New York in this Sept. 23, 2010 file ...
By Emanuele Scimia The recent discovery in Nigeria of an arsenal with Hezbollah's fingerprints all over it has reinforced the suspicion that Iran and the Party of God are extending their outreach while helping security forces loyal to Syrian President Bashar al-Assad against Sunni rebels backed by Western countries, Turkey and the Persian Gulf petro-monarchies. From Africa to Europe, ...
Britain's Supreme Court has ruled that sanctions should not have been imposed on Iran’s biggest private bank over its alleged links to Iran's nuclear weapons program. The court ruled that Bank Mellat had been arbitrarily, irrationally, and disproportionately singled out for punishment and that the sanctions should be quashed. The ruling means that the bank can now sue the ...
The man elected to be Iran's new president has been consistently described as moderate. In the days since the election, many have come to question what that means -- especially when it comes to the country's nuclear program and its relations with the U.S. Steve Inskeep talks to one of the president-elect's long-time deputies, Hossein ...
NRI News: "It's an outcome of Iranian democracy. Iranian democracy has evolved over the years," India's External Affairs Minister Salman Khurshid, who is on a two day visit to Iraq, which is bordering Iran ...
On the record
Our nuclear programmes are completely transparent. But we are ready to show greater transparency and make clear for the whole world that the steps of the Islamic Republic of Iran are completely within international frameworks. The sanctions are unfair, the Iranian people are suffering, and our (nuclear) activities are legal. These sanctions are illegal and only benefit Israel.
Iran's president-elect was speaking after his historic election victory.
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LONDON Western government sanctions against Iran suffered a big setback on Wednesday when Britain's top court ruled that the government was wrong to have imposed sanctions on the biggest Iranian private bank over alleged links to Tehran's nuclear program.
The Bank Mellat case and 50 more like it pending at the European Union's General Court have cast a cloud over the future of EU sanctions and alarmed Washington, which relies on European support to throttle Iran's links to the global economy in hopes of getting it to curb its disputed pursuit of nuclear power.
The British Supreme Court decision on Wednesday echoed a January ruling by the EU's General Court, which overturned sanctions imposed in 2010, and paves the way for Bank Mellat to sue Britain for damages.
A bank spokesman told Reuters on Wednesday that it is considering launching a claim against Britain that "could exceed 500 million pounds.rdquo;
Supreme Court Judge Jonathan Sumption ruled that the British government had been "arbitrary,rdquo; "irrational,rdquo; and "disproportionaterdquo; to single out Bank Mellat for sanctions.
A British government spokeswoman said it was "disappointedrdquo; with the decision and was "considering the judgment and its implications for any future orders (for sanctions). ...
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