Bad News for India as US imposes sanctions on 4 Indian companies for…., is there any connection with….?
The United States is trying to stop Iran's efforts to raise oil revenues to finance terrorist activities and will continue such actions.
The US has imposed sanctions on four Indian companies. On this most sleek motion of The US, sanctions were imposed on 16 companies of Iran including India. The reason for the ban on Indian companies is their alleged involvement in Iran’s oil and petrochemical change.
The US is attempting to position strain on Iran
In step with the express issued by the US Finance Ministry, Austinship Administration Pvt. is among the many banned Indian companies. Ltd, BSM Marine LLP, Cosmos Lines Inc and Flux Maritime LLP. This is the 2nd round of sanctions focusing on Iranian oil gross sales after US President Donald Trump issued a nationwide security memorandum on February 4. The reason for The US’s sanctions is to position maximum strain on Iran.
Why is The US cracking down on Iranian companies?
The express acknowledged the US is sanctioning 16 companies and ships for his or her ties to Iran’s oil and petrochemical change. This unlawful shipping community used to be defrauding traders in Asia by hiding its role in loading and transporting Iranian oil. The United States will stop Iran’s efforts to take oil revenues to finance terrorist activities and can continue such actions.
UK imposed ban on Indian company
The UK on Monday imposed its biggest-ever sanctions in opposition to Russia to designate three years of its battle with Ukraine. On this, Indian company Insia Impex Pvt. to provide navy gives to Moscow. Ltd. has additionally been banned. Under this, manufacturers and suppliers of digital and dual-exhaust items for the Russian Military, including machine tools, microprocessors extinct in weapons, were focused. These encompass Turkey, Thailand, India and China.
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