US slaps sanctions on Indian, Turkish firms and people for aiding Iran
Treasury said the network issued false flags and certifications for vessels carrying Iranian petroleum and warned of sanctions risks for dealing with them.
- On Wednesday, the U.S. Treasury issued fresh sanctions against companies and individuals based in India and Turkey for their ties to Iran, warning it would continue targeting anyone supporting the Iranian regime.
- These sanctions are part of the Trump administration's "Operation Economic Outcast," which aims to cut off Iran's ability to sell oil to fund the war with the United States; Treasury last week said actions were decimating Iran's economy, driving inflation rates to around 90%.
- Treasury targeted what it called "the vast criminal network" run by India-based Suniel Kumar Sharma and his wife, Jaspreet Preeti Shahid, whose schemes provided false flags and certifications to sanctioned vessels operating for the Iranian military.
- Turkey-Based Fugo Ground Services Inc was designated for supporting Iran's heavily sanctioned aviation sector, providing ground handling services to US-sanctioned Iranian airlines including Iran Air Tour, Saha Airlines, Taban Airlines, and Ata Airlines.
- Treasury unveiled these measures one day after Democrats won control of both houses of Congress, as voters expressed anger regarding the Iran war and its impact in fueling U.S. inflation.
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The US Treasury Department has sanctioned an India-based shipping network that it claims helps Iran circumvent sanctions and continue exporting oil. The decision was reportedly made as part of operations targeting a shadow fleet used by Iran for oil transportation.
US slaps sanctions on Turkish firms for aiding Iran
The US Treasury issued fresh sanctions on Wednesday against companies and individuals based in Tukey and India for their support of Iran, warning that it would continue to go after anyone who supported the Iranian government. The sanctions are part of the Trump administration’s “Operation Economic Outcast,” which aims to cut off Iran’s ability to […]
Last week, the US Treasury Department announced that its actions were decimating the Iranian economy, driving the country's currency, the rial, to new historical lows. The post US sanctions on Indian and Turkish companies and individuals due to links to Iran appeared first on in.gr.
Mehr News Agency
The US Treasury Department announced in a statement that it has imposed sanctions against Iran.
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