US slaps sanctions on Iranian shipping company

The US sought to increase pressure on Iran over its nuclear programme by imposing sanctions against its national maritime carrier and 18 affiliates, targeting much of its shipping sector.

The US Treasury Department said the Islamic Republic of Iran Shipping Lines (IRISL), Iran's national maritime carrier, and the affiliates provided logistical support for Iran's Ministry of Defence and Armed Forces Logistics and that they lied about their activities.

The department said it was banning any transactions between US citizens and IRISL and its affiliates and would try to freeze any assets the companies have under US jurisdiction.

The sanctions are the latest US step to raise pressure against Iran to suspend uranium enrichment, a process that can produce fuel for atomic power plants or for nuclear weapons.

The US, and some of its allies, accuse Iran of working to develop nuclear weapons. Iran has said that its atomic programme is to produce electricity.

"Not only does IRISL facilitate the transfer of cargo for UN-designated proliferators, it also falsifies documents and uses deceptive schemes to shroud its involvement in illicit commerce," Stuart Levey, US Treasury's under secretary for terrorism and financial intelligence, said in a statement.

"Such actions on the part of the US are counterproductive, will not help in finding a solution to resolving any issues, and would only make the situation more complicated," the mission said in a statement.

IRISL is a global operator with a worldwide network of subsidiaries and connects Iranian exporters and importers with South America, Europe, the Middle East, Asia and Africa.

Major powers are pursuing a two-track strategy toward Iran, by offering economic and diplomatic inducements to suspend uranium enrichment and threatening more UN and bilateral sanctions if it does not.

A senior US Treasury official, Adam Szubin, said the sanctions would not have a major impact on oil exports by Iran, the world's fourth-biggest exporter of crude, because IRISL was not a primary carrier of its petroleum exports.

IRISL has long been in the cross hairs of Western intelligence agencies, diplomats in New York have said.

A UN Security Council Resolution adopted in March called on countries to inspect the cargoes of IRISL vessels and Iran Air Cargo aircraft if they suspected they might contain banned items usable in Tehran's nuclear or missile programmes.