Baku, Azerbaijan, Apr.11
By Fatih Karimov - Trend:
No new sanctions have been imposed on the Islamic Republic of Iran Shipping Lines (IRISL), said IRISL managing director Mohammad Hossein Dajmar.
Dajmar said that despite the existing sanctions against the IRISL, the volume of shipments has increased, Iran's Fars news agency reported on April 11.
Many of IRISL ships have changed their destination from Europe to East Asia, especially China and India, over recent years, he noted.
Naturally, if the restrictions are eased, the maritime transport will be reformed, he added.
He also said that 20 ships had been ordered to be built by South Korea, but the order was halted as a result of the sanctions.
On April 8, the EU's Official Journal reported that the European Union has restored sanctions on an Iranian bank and 32 shipping companies, days after an agreement on Tehran's nuclear program was reached.
The listed shipping firms are owned by Islamic Republic of Iran Shipping Lines (IRISL), which was previously put under sanctions, the report added.
The move comes despite Europe's second-highest court order to end the asset freeze on Iranian institutions in January when it found fault with the legal grounds given by the EU. However, the EU re-listed Iran's Bank Tejarat and 32 Iranian shipping firms using new legal grounds.
The European Union's measures signal that it will keep up sanctions pressure on Iran until a final nuclear deal scheduled for June 30 is sealed. On April 2 in Switzerland, Iran and the international powers reached an agreement in the long-running dispute over Tehran's nuclear program.
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