First imposed in 2012, the sanctions prohibited any trade between NITC and the EU on the grounds of the company's links with the Iranian government, which is accountable for its nuclear programme.

The European General Court’s ruling back in July lifted the measures taken against NITC as it found no evidence of the political links.

Ali Akbar Safaei, managing director for NITC, said: “We are relieved to see the lifting of these sanctions.

“We