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Iran's top cargo shipping line says sanctions damage mounting

Targeted Western sanctions are hurting Iran's vital shipping industry and if the pressure continues its biggest cargo carrier will face increasingly grave problems, the head of the Iranian line said.

 

"If the government was not assisting, (sanctions) would have stopped a lot more of our activity," Mohammad Hussein Dajmar, managing director of the Islamic Republic of Iran Shipping Lines (IRISL), said in an interview published on Sunday. "If this situation continues, certainly our operations will face serious problems." (Reuters)