US slaps sanctions on Indian, Turkish firms and people for aiding Iran
The Treasury also warned industry about false-flag vessels as it targeted a network accused of helping sanctioned ships move Iranian petroleum.
- 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.
130 Articles
130 Articles
Guyana supports US sanctions against an Indian couple for ship registration fraud, key to circumventing oil controls.The Caribbean nation strengthens international cooperation to protect the integrity of its maritime registry and prevent illicit uses.
The US Department of State announced sanctions against two individuals and two entities in three countries to assist Iran in obtaining portable air defence systems. The US State stated that the sanctions had affected the two individuals and entities in Belarus, Russia and Nigeria, adding that those sanctions complemented similar actions previously taken by Washington to make it more difficult and costly for Tehran to arm itself and to reinforce …
The United States Department of the Treasury has uncovered a global maritime fraud network that supports Iran, and has announced its inclusion on the sanctions list.
New American sanctions have revealed an Indian network that provides false information and records to Iranian oil tankers, enabling them to sail despite United States sanctions.
US Sanctions Chandigarh Businessman and Network Over Iranian Oil Export Scheme
The United States has extended its sanctions regime to include a Chandigarh-based businessman, his spouse, and a network of associated entities, alleging their involvement in a fraudulent maritime operation designed to bypass international restrictions on Iranian oil exports. According to the US Department of the Treasury, Suniel Kumar Sharma and his wife, Jaspreet Preeti Shahid, operated a "vast criminal network" that provided critical logistic…
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