The US has blacklisted thirty-seven shipping companies in Germany, Malta and Cyprus that US says are linked to Iran’s nuclear programme.
The Treasury Department said the “front companies” were helping Iran’s use of its national maritime carrier to advance its unlawful programme for developing weapons of mass destruction and for shipping military cargo.
Treasury action on Wednesday forbids the designated 37 companies, as well as 5 Iranian individuals, from doing business with the US and is planned to prevent other countries from doing business with them.
The State Department’s undersecretary for terrorism and financial intelligence, Stuart Levey said, “We will continue to expose the elaborate structures and tactics Iran uses to shield its shipping line from international scrutiny so that it can continue to facilitate illicit commerce.”
“This pattern of obfuscation is leading the private sector around the world to refuse business with Iran rather than risk becoming involved in its nuclear and missile programs.”