In a big development, the Trump administration has sanctioned entities and individuals from India, accusing them of “a direct threat” against the US. The companies involved in the sales of Iran’s petroleum and petroleum products. According to America, the funds received through this trade support Tehran’s regional terrorist proxies and procure weapons systems.
According to the US, sanctions were imposed on the shipping networks that help raise money for Iran through illegal oil sales. They had also sanctioned an airline and its partner companies that send weapons and supplies to terrorist groups supported by Iran.
Which companies are sanctioned by the US?
The US has added several Indians and Indian companies to its Specially Designated Nationals (SDN) list. The people added are Zair Husain, Iqbal Husain Sayed and Zulfikar Hussain Rizvi Sayed. The companies added are RN Ship Management Private Limited from Maharashtra and TR6 Petro India LLP from Pune.
US Flags 17 Entities Across Several Countries for Iran Oil Links
The US State Department has added 17 people, companies, and ships from several countries — including India, Panama, and the Seychelles — to its sanctions list for helping Iran sell oil and petroleum products.
At the same time, the US Treasury Department has sanctioned 41 more people, companies, ships, and aircraft. This is part of its effort to stop Iran’s oil and petrochemical trade and to block the money and business networks that support Iran’s harmful activities.