US slaps sanctions on Indian, Turkish firms and people for aiding Iran
Treasury said the network used false flags and maritime certifications to help sanctioned vessels move Iranian petroleum and evade restrictions.
- The U.S. Department of the Treasury's Office of Foreign Assets Control designated key individuals and corporate entities across India and Turkey for facilitating Iran's shadow oil fleet and supporting its defense and commercial aviation sectors.
- Federal officials cited a Chandigarh-based criminal network operated by Indian nationals Suniel Kumar Sharma and Jaspreet Preeti Shahid, accusing the network of providing fraudulent ship registrations and flagging documentation to enable Iranian oil tankers to evade global trade sanctions.
- The Treasury designated nine India-registered maritime management and tech firms—including Aryavart Ship Management and Oceaniek Technologies—accused of orchestrating flag-impersonation schemes for Iranian vessels dating back to 2014.
- U.S. enforcement actions additionally targeted Turkey-based Fugo Ground Services Inc. for supplying logistics and ground maintenance to Iranian commercial airlines previously designated for transporting military hardware and IRGC personnel.
- Treasury Secretary Scott Bessent emphasized that the administration's broader campaign, designated "Operation Economic Outcast," will aggressively cut off foreign facilitators aiding Tehran's maritime evasion tactics and military supply lines.
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Chandigarh-based couple face US sanctions over Iran oil links
Washington: The US has imposed sanctions on a Chandigarh-based couple and a web of companies they run for allegedly supporting Iran’s shadow fleet by providing false flags and certifications to transport petroleum. The US Department of Treasury sanctioned Suniel Kumar Sharma and his wife Jaspreet Preeti Shahid for allegedly defrauding maritime regulatory administrations across multiple … Get the latest updates in Hyderabad City News, Technology,…
US slaps sanctions on Indian, Turkish firms and people for aiding Iran
The US Treasury issued fresh sanctions on 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 supported the Iranian government.
The U.S. Department of State has imposed sanctions against the Belarusian-registered company Armory Alliance, a statement published on the agency's website, Armory Alliance, a Belarusian organization that acted as an intermediary between Chinese companies and Iran and facilitated the procurement of hundreds of man-portable air defence systems, as stated in the rationale for the imposition of sanctions measures.
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 […]
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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.
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