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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