Donald Trump sanctions 4 Indian companies: This is why

The Donald Trump administration has imposed four Indian companies for their alleged involvement in the oil and petrochemical industry in Iran.

According to the official press releaseThe maritime flow has held the position of technical manager of a ship that loaded hundreds of thousands of Iranian gross oil barrels through a ship-nave transfer.

This marks the second round of sanctions aimed at Iranian oil sales since President Donald Trump issued a national security memorandum on February 4, ordering a maximum pressure campaign on Iran, the state department said in a press release.

What are the four Indian companies sanctioned?

According to one Press release By the Treasury Department, the sanctioned Indian companies are Austinship Management PVT LTD, BSM Marine LLP, Cosmos Lines Inc and LLP maritime flow.

“The US State Department designates 16 entities and ships for their involvement in the oil and petrochemical industry today,” the statement said.

Among them sanctioned Today are the oil brokers from the United Arab Emirates (United Arab Emirates) and Hong Kong, tanks and mangels in India and the People’s Republic of China (PRC), the head of the Iranian Iranian Iranian company and the Iranian petroleum terminals, whose operations help Financing of the destabilizing activities of Iran.

The State Department, together with the Department of Control of the External Assets Control Treasury (OFAC), also imposed sanctions for 22 persons and identified 13 ships as stuck in several jurisdictions for their involvement in the oil industry. Iran.

“This network of illicit maritime transport facilitators stops and deceives their role in loading and transporting Iranian oil to Asia buyers. He sent tens of millions of gross oil barrels worth hundreds of millions of dollars. Made the president’s campaign. Maximum pressure trump on the Iranian regime.

“We will continue to disrupt such illicit financing flows for the malignant activities of Iran,” he added.

Like Russia, Iran is based on a network of tanks that perform transfers from the oil ship outside the territorial waters to evade Western sanctions, offering the country and its army-with a key source of income.

(With inputs from agencies)