US sanctions Indian entities for Iranian petroleum sales

#New York/Washington

The Trump administration has sanctioned entities and individuals from India involved in sales of Iran’s petroleum and petroleum products, saying the funds from this trade support Tehran’s regional terrorist proxies and procure weapons systems that are “a direct threat” to the US.

The Departments of State and Treasury sanctioned shipping networks responsible for funding the Iranian regime’s “malign activities” through illicit oil sales, as well as an airline and its affiliates that arm and supply Iran-backed terrorist groups.

Among those added to the Treasury Department’s Office of Foreign Assets Control Specially Designated Nationals List are Indian nationals Zair Husain Iqbal Husain Sayed, Zulfikar Hussain Rizvi Sayed, Maharashtra-based RN Ship Management Private Limited and Pune-based TR6 Petro India LLP.

The State Department is designating 17 entities, individuals, and vessels in several countries. AP