The United States Government on July 30 announced sanctions against “entities traded in Iranian oil”, which influenced at least six Indian companies, except seven others, the official edition showed.
She stated that she focused on 13 entities that “joined the trans-pass, sale and purchase of petrochemicals of Iranian origin”. In addition to their own businesses in India and Iran, other affected companies based in China, Indonesia, Turkiye and the United Arab Emirates (SAE) are other affected.
Trump’s administration also approved 20 entities involved in Iranian oil. “The Foreign Ministry states sanctions on 20 entities involved in Iranian oil, oil products or petrochemical trade and identify 10 vessels as blocked real estate,” he reads.
Trump’s administration of the Iranian oil industry
Trump’s administration said that this step “stops the flow of income that (Iranian) regime uses to support terrorism abroad and also to oppress their own people”. He claimed that Iran “continues to support the conflict in the Middle East to finance his destabilization activities”.
He added that events against 13 related businesses “across various jurisdictions” come when the Iranian petrochemical industry and export “is a critical sector of the Iranian economy and have been growing in recent years to generate billions of dollars in the illegal funds for Iranian destabilizing activities”.
What steps can be taken by sanctioned entities?
The statement added that the US government is “willing to remove persons from the SDN list in accordance with the law” and that the aim is not “not to suffer but bring a positive change in behavior”.
Disabilities can try the following step to refer to sanctions:
(Tagstotranslate) American government sanctions
