13 Jan '11, 8pm

AFP - US sanctions Hong Kong shippers over Iran trade #iranelection #iran /@iran_letter /@PERSIA_FREE

WASHINGTON (AFP) - – The US Treasury Thursday slapped sanctions on 24 shipping companies, including 20 in Hong Kong, for allegedly operating as fronts for Iranian businesses involved in Tehran's missile programs. The Treasury said the shipping firms were affiliated with the Islamic Republic of Iran Shipping Lines (IRISL), which is under international sanctions for its role in Iran's weapons program. It also designated two companies tied to the Iranian defense ministry's Aerospace Industries Organization (AIO), which has been linked to the country's ballistic missile program. The Treasury's move, aimed at putting pressure on Iran's alleged nuclear weapons program, will cut off the designated firms from the US financial and commercial systems. "IRISL is under tremendous financial pressure from international sanctions, and it is going to extreme lengths to obscure its network...

Full article: http://sg.news.yahoo.com/afp/20110113/tbs-us-iran-hongkon...

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