US Imposes Sanctions On At Least Six Indian Companies For Dealing In Iranian Oil
At least six Indian companies have come under United States sanctions for allegedly being involved in the trade of Iranian petroleum and petrochemical goods, as part of a wider crackdown on 20 global entities. This step is part of Washington’s ongoing measures to tighten financial pressure on Tehran.
The US Department of State made the announcement on Wednesday, stating that these Indian firms knowingly carried out “significant transactions” related to the purchase and marketing of Iranian petroleum—an act considered in violation of existing US sanctions on Iran.
In an official statement, the State Department said the Iranian government “continues to stoke conflict in the Middle East and fund its destabilising activities.” It added, “Today, the United States is acting to block the revenue streams that Iran uses to support terrorism overseas and suppress its own population.”
The 20 sanctioned entities, along with 10 vessels designated as blocked property, have been targeted under Executive Order 13846. This order reinstates a range of sanctions on Iran’s energy industry, following the US’s exit from the 2015 nuclear accord.
The Indian companies mentioned in the sanctions list include 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.
These Indian firms are part of a larger list featuring businesses linked to the petroleum supply chain, such as brokers, shipping operators, and intermediaries accused of assisting in Iranian oil exports.
