UANI Applauds KGL For Ending Its Business in Iran
FOR IMMEDIATE RELEASE
December 1, 2010
Contact: Kimmie Lipscomb, [email protected]
Phone: (212) 554-3296
UANI
Applauds KGL For Ending Its Business in Iran
New York, NY --United Against Nuclear
Iran (UANI) applauds
Kuwait and Gulf Link Holding Company K.S.C. (KGL) for its decision to
end its
business in Iran. KGL had been engaged in a joint venture
with Iran's SSK
Valfajr 8th Shipping Line Company. SSK
Valfajr is an Iranian
government-owned subsidiary of the Islamic Republic of Iran Shipping
Lines
Group (IRISL). Both entities have been placed on the Office
of Foreign
Assets Control's (OFAC) Specially Designated Nationals (SDN) list,
which
prohibits these entities from conducting business with U.S.
entities. KGL
has conducted significant business with the U.S. Government,
specifically with the
U.S. Department of Defense on logistic operations for U.S. bases in the
Persian
Gulf.
In a letter to UANI announcing KGL's disassociation from SSK Valfajr
and its
decision to sever all ties with Iran, Dr. Ali E. Dashti, Chairman of
KGL wrote
"KGL and its affiliates will not engage in any transactions for goods
or
services with any business or supplier that is known by KGL to be an
Iranian
entity or located in Iran."
Responding to KGL's decision, UANI
President, Ambassador Mark D. Wallace, wrote:
KGL joins the
growing coalition of responsible
corporations that are standing up to the threat to international peace
and
security posed by Iran's nuclear weapons program. KGL's
actions send a
clear message to the Iranian regime that its continued defiance of the
international community will only serve to isolate Iran and further
pressure
its already weakened economy. With the assistance of
companies like KGL,
international sanctions and economic pressure are beginning to have an
impact
on the Iranian leadership.
UANI is pleased
to add KGL to the list of corporations
that have joined our effort to economically isolate Iran because of its
illicit
pursuit of a nuclear weapon.
UANI calls on the
U.S. Department
of Defense and other government entities to hold KGL to this commitment
to
sever business ties with Iran. UANI also calls on all other
defense
contractors to follow suit.
Click here to read
UANI's letter to KGL dated October
18, 2010.
Click here to read
UANI's thank you letter to KGL
dated December 1, 2010.
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