US sets sanctions on Iran shipping, engineer firms

By REUTERS
March 28, 2012 19:27

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

WASHINGTON - The US Treasury Department on Wednesday set additional sanctions against Iranian engineering firms with ties to the Iranian Revolutionary Guard Corp (IRGC), which it said has continued to expand its control of the Iranian economy.

It also sanctioned individuals and shipping companies with ties to the Islamic Republic of Iran Shipping Lines (IRISL).

"By designating the individuals and entities today, Treasury is sending a clear signal to the international community that Iran's attempts to evade international sanctions will not go unnoticed," Adam Szubin, director of the Treasury's Office of Foreign Assets Control, said in a statement.

The department imposed additional sanctions on Iran Maritime Industrial Company SADRA, which it said has offices in Iran and Venezuela. It said SADRA was owned by Khatam al-Anbiya, an engineering company used by the Islamic Revolutionary Guard Corp to fund its operations.

It also sanctioned Deep Offshore Technology PJS, which it said was a subsidiary of SADRA.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
October 21, 2018
Netanyahu: Khan al-Ahmar will be evacuated.

By JPOST.COM STAFF