US sanctions India-based couple, companies over alleged support for Iran's Shadow oil fleet
The Treasury said the network used fake flag registries and certifications to help sanctioned vessels move Iranian petroleum and evade restrictions.
- Treasury Secretary Scott Bessent announced sanctions on Wednesday against India-based Suniel Kumar Sharma and Jaspreet Preeti Shahid for allegedly facilitating Iran's shadow fleet through fraudulent maritime registrations and certifications.
- The Treasury Department alleged Sharma and Shahid created websites falsely claiming to represent national maritime authorities like Dominica to provide false certifications for vessels transporting Iranian petroleum, with activities dating back to at least 2014.
- Several associated companies, including Oceaniek Technologies India and Aryavart Ship Management Private Limited, were designated under Executive Order to disrupt Iran's economic lifelines regarding oil smuggling and sanctions evasion.
- Separately, the United States sanctioned Türkiye-based Fugo Ground Services Inc for providing ground-handling to Iranian airlines including Iran Air Tour and Saha Airlines despite repeated warnings about sanctions risks.
- The Treasury issued a maritime industry alert cautioning businesses against dealing with falsely flagged vessels, while designated entities face blocked property interests and potential civil or criminal penalties under United States jurisdiction.
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How Are US Sanctions Targeting Indian and Turkish Networks Supporting Iran?
The United States has imposed fresh sanctions on companies and individuals in India and Turkey accused of helping Iran evade international restrictions, expanding Washington’s economic pressure on Tehran despite growing domestic opposition to the war. The US Treasury Department announced the measures on Wednesday under the Trump administration’s “Operation Economic Outcast”, a campaign designed to […]
Missoulian
La Crosse TribuneUS slaps sanctions on Indian, Turkish firms
WASHINGTON — The U.S. Treasury issued fresh sanctions Wednesday against companies and individuals based in India and Turkey for their support of Iran, warning that it would continue to go after anyone who supports the Iranian government.
The US Treasury Department expanded sanctions against Iran, adding companies and individuals based in Türkiye and India to its sanctions list. Washington stated that sanctions against individuals and entities supporting the Iranian regime will continue.
US sanctions Chandigarh couple for aiding Iran oil transport
The US Treasury Department has sanctioned a Chandigarh-based couple, Suniel Kumar Sharma and Jaspreet Preeti Shahid, and their network of companies. They are accused of providing false flags and certifications to support Iran's shadow fleet, enabling the transport of petroleum and evasion of international restrictions. Their operations involved defrauding maritime regulatory administrations and establishing fraudulent flagging registries across …
US sanctions Indian couple over ‘maritime fraud’ supporting Iran’s shadow fleet
“As we have said many times, under Operation Economic Outcast, you are either with us or against us,” said Secretary of the Treasury Scott Bessent. “We know where you are, and we will sanction those who continue supporting the Iranian regime, whether by land, sea, or air.”
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