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EU Set to Re-impose Sanctions on Iranian Shipping Companies
(Reuters) Jonathan Saul - The EU is set to put 40 Iranian shipping firms back on a list of sanctioned groups. The move is part of the EU's response to a series of court victories by Iranian companies that have overturned EU sanctions against them. In January, the bloc's second highest court annulled the EU sanctions on the 40 shipping companies and an Iranian bank. In March 12 letters sent by the European Council to the shipping firms' lawyer, the Council said it intended to re-list the companies.