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US imposes sanctions on six companies for alleged dealings with IRISL

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The US has imposed sanctions on eight Chinese and Hong Kong entities and individuals for their alleged activities in supporting the Islamic Republic of Iran Shipping Lines (IRISL).

The US State Department said that the international community has “long recognised” that the Iranian regime uses the IRISL to transport “proliferation-sensitive items intended for Iran’s ballistic missile and military programs.”

Since June 2020 following the designation of IRISL and IRISL’s Shanghai-based subsidiary E-Sail Shipping Company under a US Executive Order for their proliferation-related conduct, some companies have continued to knowingly sold, supplied or transferred four large containerships to IRISL subsidiary Hafez Darya Arya Shipping Company (HDASCO).

The six companies to get blacklisted are Reach Holding Group (Shanghai) Company, Reach Shipping Lines, Delight Shipping Co, Gracious Shipping, Noble Shipping, and Supreme Shipping Co.

The two individuals are Reach Holding Group (Shanghai) Company’s ceo Eric Chen Guoping and president Daniel He Yi.

The US State Department reiterated a warning to stakeholders worldwide that “if you do business with IRISL, you risk US sanctions.”

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