U.S., EU expand IRISL sanction list

May 26, 2011 at 10:19 am

The United States and European Union this week expanded a list of companies that have engaged in business with Iranian shipping companies,
   U.S. Treasury Department sanctions have been in place since September 2008 against the Islamic Republic of Iran Shipping Lines and affiliated companies. The U.S. government alleges IRISL and its complex tangle of affiliates has facilitated the transportation of illegal weapons shipments to Iran.
   The United States added Venezuela’s state oil company PDVSA and six other smaller oil and shipping companies for engaging in trade with Iran, Reuters reported. One of the companies sanctioned is the Ofer Brothers Group, the Israeli conglomerate that runs Israel Corp., parent company of the container line Zim.  Read more.

American Shipper, 5/25/2011

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Entry filed under: European Union, Iran, NKITA, United States.

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