US sanctions over 50 entities, including Indian nationals, for facilitating Iranian energy exports
Summary
The US Treasury Department has sanctioned over 50 entities, including Indian nationals, for facilitating Iranian oil and LPG exports, aiming to disrupt Iran's revenue that supports terrorist groups.
Key Points
- The US Treasury's Office of Foreign Assets Control sanctioned more than 50 individuals, entities, and vessels linked to Iranian oil and LPG exports.
- Indian nationals Varun Pula, Soniya Shrestha, and Iyappan Raja were sanctioned for their roles in shipping Iranian petroleum products.
- These sanctions target a network moving hundreds of millions of dollars of Iranian LPG and include vessels flagged under various countries.
- Sanctions freeze the property and interests of the designated persons within US jurisdiction and prohibit transactions involving them without authorization.
