BREAKING NEWS

US sets sanctions on Iran shipping, engineer firms

By REUTERS

MARCH 28, 2012 19:27

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.

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