WASHINGTON (AP) --The Bush administration on Wednesday slapped financial sanctions on a major Iranian shipping line and its affiliates for allegedly helping to transfer arms.
The departments of State and Treasury announced the action against the Islamic Republic of Iran Shipping Lines and 18 of its affiliates for providing logistical services to Iran's defense arm.
The action means that any bank accounts or other finanical assets belonging to the company that are found in the United States are frozen. Americans also are forbidden from doing business with the company and its affiliates.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.