Brief by Shorts91 Newsdesk / 03:42am on 31 Jul 2025,Thursday India Global
The U.S. government has imposed sanctions on six Indian firms for allegedly purchasing, marketing, and facilitating the shipment of Iranian petroleum and petrochemical products, violating sanctions under Executive Order 13846. The accused companies—Alchemical Solutions, Global Industrial Chemicals, Jupiter Dye Chem, Ramniklal S. Gosalia, Persistent Petrochem, and Kanchan Polymers—reportedly handled transactions worth over $220 million. The sanctions freeze all U.S.-linked assets and bar American entities from doing business with them. The move is part of broader efforts by the U.S. to curb revenue supporting Iran’s destabilizing activities across the Middle East and beyond. (PC: News 18)
