 "At least 6 Indian companies on US sanctions list for trading in Iran oil")
A day after US President Donald Trump announced 25 per cent tariffs on India, the US Department of State has sanctioned at least six Indian companies for allegedly engaging in the trade of Iranian petroleum and petrochemical products. The department said that the move is part of a sweeping action against 20 global entities.
The decision is also seen as part of Washington’s ongoing efforts to tighten economic pressure on Tehran. The sanctions that were announced on Wednesday alleged that 20 entities, including Indian firms, “knowingly conducted significant transactions” involving the purchase and marketing of Iranian petroleum products.
The State Department argued that the actions violated US sanctions on Iran. “The Iranian regime continues to fuel conflict in the Middle East to fund its destabilising activities,” the department said in a statement. “Today, the United States is taking action to stem the flow of revenue that the regime uses to support terrorism abroad, as well as to oppress its people," it added.
What do the sanctions entail
As per the statement, the American sanctions targeted 20 entities. Apart from this, 10 vessels were identified as blocked property that are being sanctioned under Executive Order 13846. The order in question reimposes a range of sanctions against Iran in connection with its energy sector.
The Indian companies sanctioned by the American companies are: Kanchan Polymers, Alchemical Solutions Pvt. Ltd., Ramniklal S. Gosalia and Company, Jupiter Dye Chem Pvt. Ltd., Global Industrial Chemicals Ltd., and Persistent Petrochem Pvt. Ltd.
It is pertinent to note that Indian firms are among a broader list that includes businesses operating across the petroleum supply chain, including brokers, shipping companies, and intermediaries accused of facilitating Iranian oil sales to the international market.
 "Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?")
 "As Russia pushes east, Ukraine faces mounting pressure to defend its heartland")
 "Why Mossad was not on board with Israel’s strike on Hamas in Qatar")
 "Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe")
 "Russian drones over Poland: Trump’s tepid reaction a wake-up call for Nato?")
 "As Russia pushes east, Ukraine faces mounting pressure to defend its heartland")
 "Why Mossad was not on board with Israel’s strike on Hamas in Qatar")
 "Turkey: Erdogan's police arrest opposition mayor Hasan Mutlu, dozens officials in corruption probe")
