The US has sanctioned eight Indian nationals and several India-based firms for allegedly facilitating Iranian oil and LPG exports. The Treasury and State Departments said the entities helped Iran earn billions, adding them to Washington’s Specially Designated Nationals list

Washington: Eight Indian nationals and several India-based firms are among the over 50 entities and persons sanctioned by the US for allegedly facilitating Iranian energy trade, according to an official statement.

The State Department imposed sanctions on approximately 40 entities, individuals and vessels to “deny the Iranian regime funds it uses to conduct its malign activity,” the department said in a press release on Thursday.

While the Department of the Treasury’s Office of Foreign Assets Control (OFAC) concurre

See Full Page