Iranian company to sue EU

The North Drilling Company of Iran (NDC) will file a complaint against the European Union for its illegal sanctions imposed on the NDC, the Mehr News Agency quoted NDC's managing director Hedayatollah Khademi as saying.

All the related documents and inquiries have been submitted to a number of experts and international institutions, he said, emphasizing that the NDC's activities meet international law requirements.

At the beginning of 2012, the United States and the European Union imposed new sanctions on Iran's oil and financial sectors with the goal of preventing other countries from purchasing Iranian oil and conducting transactions with the Central Bank of Iran.

U.S. sanctions entered into force on June 28, while EU bans on Iranian oil imports came into force on July 1.

In October, the EU approved another major package of economic sanctions on Iran.


/Trend/