Info:
The State Department is imposing sanctions on Mohammad Reza Modarres Khiabani, the Chief Executive Officer of IRISL, who has been determined to be a principal executive officer, or person performing similar functions and with similar authorities, of IRISL;
As a part of this action, the State Department is imposing sanctions on IRISL pursuant to Section 1245(a)(1)(C)(i)(II) of the Iran Freedom and Counter-Proliferation Act (IFCA). IRISL knowingly transferred, directly or indirectly, to Iran grain-oriented electrical steel to at least one Iranian person on the List of Specially Designated Nationals and Blocked Persons maintained by the Office of Foreign Assets Control of the Department of the Treasury (SDN List), namely Hoopad Darya Shipping Agency Company (and thus this grain-oriented electrical steel was transferred to Hoopad Darya Shipping Agency Company);
IRISL has transported prohibited military-related cargo and facilitated shipments destined for Iran’s Ministry of Defense and Armed Forces Logistics (MODAFL) and MODAFL subordinates. IRISL has been sanctioned by the U.S., UN, EU and other parties for its role in advancing Iran’s nuclear and ballistic missile programs;
Industry:
Shipping Industry
Involved In:
Nuclear Weapon Program
Missile Weapon Program
Also Known As:
MohammadReza Modarres Khiabani
Modarres Khiabani
Country:
Iran
Address:
Tehran, Iran
Reason for the color:
» Imposing Sanctions Related to the Islamic Republic of Iran Shipping Lines and Iranian Shipping Entities – January 15, 2021;