UANI Applauds ThyssenKrupp for Freezing Sales to Iran

September 27, 2010
Contact: Kimmie Lipscomb, [email protected]
Phone: (212) 554-3296

UANI Applauds ThyssenKrupp for Freezing Sales to Iran 

New York, NY -  United Against Nuclear Iran (UANI) today applauded ThyssenKrupp for its decision to freeze sales to and end contracts in Iran.

ThyssenKrupp announced that it has halted its sales to Iran in response to German, EU, and U.S. sanctions, but emphasized that its measures to end business in Iran go beyond the requirements of sanctions laws. 

Responding to the decision, UANI President, Ambassador Mark D. Wallace, said:  

We applaud the decision by ThyssenKrupp to halt its sales to and refuse to engage in new business in Iran.  By ending sales to Iran, ThyssenKrupp is sending a clear message to Iran that it will not do business with the Iranian regime until it stops developing illegal nuclear weapons.  ThyssenKrupp, by going beyond the letter of the law, has made clear that it believes a decision to do business in Iran is bad business. 

UANI has been at the forefront of the campaign to pressure companies to end their business in Iran.  UANI maintains on its website the Iran Business Registry (IBR), a list of companies that have been reported to do business in Iran.  On January 12, 2010, UANI launched the "Iran Disclosure Project," an initiative to identify publicly-traded companies that have business dealings in Iran and ensure that such companies adequately inform investors of the legal and financial peril associated with such dealings.  Through the Iran Disclosure Project, UANI has targeted such companies as Royal Dutch Shell, Caterpillar, Ingersoll Rand, KPMG, and Honeywell to disclose the full extent of their business in Iran. 

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