UANI Impact: European Manufacturers Cut Ties With Iranian Engineering Firm Connected To The IRGC
(New York, N.Y.) — Last week, following direct intervention by United Against Nuclear Iran (UANI), two European firms agreed to sever ties with Iran’s Aris Engineering Group (Aris), which specializes in oil and gas, petrochemicals, and mining, and lists among its “approved vendors” several entities linked to the Islamic Revolutionary Guard Corps (IRGC), a U.S.-designated Foreign Terrorist Organization. These entities include Pars Oil and Gas Company, the National Iranian Oil Engineering and Construction Company, and the Iranian Offshore Oil Company.
Italian manufacturer ADOS has agreed to immediately end its relationship and cease contact entirely with Tehran-based Aris. ADOS specializes in the production and distribution of load cells and electronic weighting systems for various industries, including automotive, construction, marine, and industrial applications.
UANI’s successful intervention with ADOS was followed by confirmation from Kytola Instruments – a Finnish industrial flow measurement device producer – that it would cease work with Aris as a distributor following UANI’s intervention. In correspondence with UANI discussing concerns, Kytola declared that it “will immediately stop all sales and promotion to Iran and remove Aris from our listed partners at our site.”
UANI warns existing and would-be Iranian commercial partners about the myriad severe legal, financial, and reputational risks of doing business in and with Iran. UANI has similarly counseled other firms working with Aris to sever all ties including Celsa, Intra-Automation, Goldammer Regelungstechnik, PFREUNDT, and Tempsens Instruments.
To read UANI’s Business Risk Matrix outlining the risks associated with conducting business with Iranian companies, please click here.