Greek court overturns decision on U.S. seizure of Iranian oil cargo – sources & More News Here

The seized oil tanker Pegas is seen anchored off the shore of Karystos, on the Island of Evia, Greece, April 19, 2022. REUTERS/Vassilis Triandafyllou/File Photo/File Photo

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ATHENS, June 8 (Reuters) – A Greek court on Wednesday overturned an earlier court ruling that allowed the confiscation by the United States of half of a cargo of Iranian oil on an Iranian-flagged tanker off the Greek coast, three sources aware of the matter mentioned.

The incident had led to an offended response by Iran, with Iranian forces final month seizing two Greek tankers within the Gulf after Tehran warned it could take “punitive action” towards Athens. learn extra

Iran had additionally appealed the unique court decision, one authorized supply mentioned, declining to be named.

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“The action for the reversal of the ruling was accepted by the court,” the supply mentioned. “It will be hard to overrule that (the appeal court’s ruling).”

It was not instantly clear if the U.S. or Greek governments would problem the ruling, which was given within the Appeals court of the area of Chalkis.

The end result of the enchantment has not but been made public.

Greece had referred to as Iran’s seizure of the 2 Greek tankers within the Gulf “piracy”.

The case arose when Greek authorities in April impounded the Iranian-flagged Lana, previously Pegas, with 19 Russian crew members on board, close to the coast of the southern island of Evia as a consequence of European Union sanctions.

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The ship was quickly launched as a consequence of problems relating to its possession. The United States in May confiscated half of the Iranian oil cargo held onboard and transferred it to a different ship, following the preliminary Greek court ruling.

In a separate case, Greek authorities later seized Lana once more, performing on an interim court order over alleged money owed to a different transport firm, represented by lawyer George Kozanidis.

Kozanidis declined to reveal the title of the corporate he represents however informed Reuters that the case is expounded to unpaid towing companies.

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Reporting by Lefteris Papadimas, Renee Maltezou in Athens and Jonathan Saul in London; modifying by Richard Pullin

Our Standards: The Thomson Reuters Trust Principles.

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