Imposing Sanctions Related to the Islamic Republic of Iran S

Imposing Sanctions Related to the Islamic Republic of Iran Shipping Lines and Iranian Shipping Entities


MICHAEL R. POMPEO, SECRETARY OF STATE
In June 2020, the State Department sanctioned the Islamic Republic of Iran Shipping Lines (IRISL) pursuant to Executive Order 13382 (
WMD Proliferators and Their Supporters).  At that time, we underscored the fact that IRISL is the preferred shipping line for Iranian proliferators and procurement agents.  We have warned industry that those who do business with IRISL, its subsidiaries, and other Iranian shipping entities, risk sanctions.  Today, we are sanctioning seven entities and two individuals for such conduct.
As a part of this action, the State Department is imposing sanctions on IRISL pursuant to Section 1245(a)(1)(C)(i)(II) of the Iran Freedom and Counter-Proliferation Act (IFCA).  IRISL knowingly transferred, directly or indirectly, to Iran grain-oriented electrical steel to at least one Iranian person on the List of Specially Designated Nationals and Blocked Persons maintained by the Office of Foreign Assets Control of the Department of the Treasury (SDN List), namely Hoopad Darya Shipping Agency Company (and thus this grain-oriented electrical steel was transferred to Hoopad Darya Shipping Agency Company).  The State Department is also imposing sanctions on Mohammad Reza Modarres Khiabani, the Chief Executive Officer of IRISL, who has been determined to be a principal executive officer, or person performing similar functions and with similar authorities, of IRISL.

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