Why has the US hit an India-based company with Iran-related sanctions?

Indian Express

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Private Equity: Viveck Goenka

Why has the US hit an India-based company with Iran-related sanctions?

India-based petrochemical company Tibalaji Petrochem Private Limited has purchased millions of dollars’ worth of Triliance-brokered petrochemical products, including methanol and base oil, for onward shipment to China, says the Department of the Treasury statement