Senate passes Iran sanctions aimed at maritime sector

Regulatory/Transport

Monday, December 03, 2012

The U.S. Senate on Friday voted 94-0 to impose new sanctions on Iran aimed at the maritime sector, building on restrictions targeting the country's oil and financial industries, in an effort to get the Persian Gulf nation to drop attempts to develop a nuclear weapons capability. The legislation would designate Iran's energy, port, shipping and ship-building sectors as facilitating nuclear proliferation. Businesses that engage in transactions with these sectors would be penalized an...

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