E.U. Set to Re-Impose Sanctions on More Iranian Shipping Companies

March 24, 2015

Author: 

Jonathan Saul

Publication: 

Reuters

The European Union intends to re-impose sanctions on 40 Iranian shipping firms linked to the Islamic Republic of Iran Shipping Lines (IRISL), Iran's national shipping line.  In January, the E.U.'s General Court had struck down the sanctions, ruling that the European Union had not provided sufficient evidence linking IRISL to nuclear proliferation.