EU sanctions on Iranian shipping companies set to be reimposed

IRISL Containers

IRISL Containers

EU sanctions on Iranian shipping companies: Reuters is reporting that the European Union is set to put 40 Iranian shipping firms back on a list of sanctioned organisations. The move is part of the EU’s response to a series of court victories by Iranian companies that have overturned EU sanctions against them. In February, the bloc re-imposed sanctions on Iran’s biggest oil tanker firm NITC.
The 40 companies, including Hamburg-based Ocean Capital Administration GmbH, were previously placed on the EU’s sanctions list because the EU said they were controlled or otherwise linked to top national carrier the Islamic Republic of Iran Shipping Lines (IRISL), which had previously been blacklisted.
Reuters reports that it has had access to letters sent by the European Council to the shipping firms’ lawyer Maryam Taher, in which the EC states that the reasons for the intended re-listings include the companies being owned or controlled by IRISL or for providing training, spare parts and services to IRISL or IRISL employees.The move comes at a critical moment in negotiations over Iran’s nuclear programme. The Iran Project