Washington, The US on Thursday imposed sanctions on two Mumbai-based firms and five Indian nationals associated with them over allegations of being involved in the trade of petroleum products from Iran.
“The Department of State is sanctioning ten entities, six individuals, and five vessels in connection with trade in Iranian-origin petroleum, petroleum products, and petrochemical products,” an official statement said. The State Department said these entities channelled millions of dollars to the Iranian regime, bolstering one of its most critical revenue streams and enabling its continued illicit conduct.
“The US government is imposing sanctions on both the buyers and sellers driving this trade in Iranian petrochemical products,” the department said. “Treasury is starving the tyrannical regime in Tehran of the money it uses to wage war in the region, and we will continue exposing those who enable the regime’s oil sales,” said Treasury Secretary Scott Bessent. “No enabler of Iranian sanctions evasion is safe from the full force of Treasury’s authorities,” he said.
