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
of Defense and other government entities to hold KGL to this commitment
sever business ties with Iran. UANI also calls on all other
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.