U.S. sanctions imposed on Iran's shipping network took effect on Monday, months after they were announced in December following accusations of supporting proliferation of weapons of mass destruction.
FILE PHOTO: U.S. Secretary of State Mike Pompeo speaks to the media at the State Department in Washington, DC, U.S., May 20, 2020. Nicholas Kamm/Pool via REUTERS/File Photo
U.S. Secretary of State Mike Pompeo in a statement on Monday warned commercial and maritime industries, governments and others that they risked U.S. sanctions if they did business with the Islamic Republic of Iran Shipping Lines and its Shanghai-based subsidiary, E-Sail Shipping Company. “These designations serve as a clear warning that anyone doing business with or otherwise supporting IRISL or E-Sail are exposed to potential sanctions and risk contributing to Iran’s proliferation-sensitive programs, including its nuclear and missile programs,” Pompeo said in the statement.
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