Eight Indian chemical and petrochemical trading companies have been included in the US state department’s sanctions lists. Among them are Mumbai-based firms CJ Shah & Co, Chemovick, Mody Chem, Paarichem Resources, Indisol Marketing, Haresh Petrochem, and Shiv Tex. These sanctions are part of the broader Iran-related sanctions imposed by the US against nearly 100 individuals, entities, and vessels. The sanctions target those allegedly involved in Iran’s energy sector and aim to exert pressure on Iran.
US Sanctions 9 Indian Companies and 8 Indian Nationals over Alleged Participation in Iran’s Energy Trade
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