English हिन्दी
Connect with us

India News

Six Indian firms face US sanctions over Iran petrochemical trade violations

The US Department of State has announced sanctions on six Indian companies accused of importing petrochemical products from Iran, in violation of Executive Order 13846.

Published

on

In a decisive move targeting international compliance with sanctions on Iran, the United States has imposed restrictions on 20 entities globally, including six Indian companies, for allegedly participating in trade involving Iranian petroleum and petrochemical products. The announcement came from the US Department of State on Wednesday, underlining Washington’s ongoing efforts to disrupt funding channels that it claims support terrorism and repression in the Middle East.

Details of the sanctions

The six Indian firms have been designated under Section 3(a)(iii) of Executive Order 13846 for “knowingly engaging” in significant transactions related to Iranian petrochemicals. These companies are now subject to asset freezes and extensive restrictions on transactions involving US persons or any property connected to the United States.

Here are the key Indian companies named:

  • Alchemical Solutions Private Limited: This company faces the most serious allegations, accused of importing over $84 million worth of Iranian-origin petrochemical products during 2024.
  • Global Industrial Chemicals Limited: Allegedly imported methanol and other products from Iran valued at over $51 million between July 2024 and January 2025.
  • Jupiter Dye Chem Private Limited: Charged with importing toluene and other petrochemical goods worth $49 million from Iran in the same period.
  • Ramniklal S Gosalia And Company: Reportedly brought in Iranian petrochemicals such as methanol and toluene worth $22 million.
  • Persistent Petrochem Private Limited: Said to have imported $14 million worth of Iranian petrochemicals from multiple companies, including UAE-based Bab Al Barsha.
  • Kanchan Polymers: Accused of importing Iranian polyethylene worth over $1.3 million via Tanais Trading.

What the sanctions mean

Following these designations, any property or interests in property of the listed companies within US jurisdiction are blocked. US persons or entities are also prohibited from engaging in transactions with these companies unless specifically authorised by the Office of Foreign Assets Control (OFAC).

The US has clarified that the purpose of the sanctions is not punitive but intended to influence behavioral change. A spokesperson stated, “The Iranian regime continues to fuel conflict in the Middle East… The United States is taking action to stem the flow of revenue that the regime uses to support terrorism abroad, as well as to oppress its own people.”

This action reinforces Washington’s broader goal of isolating Iran economically over its energy exports and alleged destabilising activities.

India News

PM Modi marks Operation Sindoor anniversary, calls it India’s firm stand against terrorism

PM Modi said Operation Sindoor showcased India’s firm response against terrorism while paying tribute to the armed forces on the operation’s first anniversary.

Published

on

PM Modi

Prime Minister Narendra Modi on Thursday said Operation Sindoor demonstrated India’s firm response against terrorism and highlighted the country’s commitment to national security.

Marking one year of the operation, the Prime Minister praised the courage, precision and professionalism of the Indian armed forces. He said the military action was carried out in response to the Pahalgam terror attack that had claimed the lives of 26 civilians in 2025.

Operation Sindoor was launched on May 7, 2025, as a calibrated tri-services operation targeting terror infrastructure linked to cross-border terrorism. Reports said the operation showcased coordinated action by the armed forces and was seen as a major counter-terror response by India.

On the anniversary of the operation, PM Modi also changed the display pictures across his social media platforms, including X, Facebook, Instagram and WhatsApp. The image carried the text “Operation Sindoor” along with the Indian tricolour design.

The Indian Air Force also shared visuals and messages recalling the operation and highlighting India’s military response. A video released by the force described the operation as a strong message against terrorism and referred to the precision strikes carried out during the mission.

Operation Sindoor was launched following the Pahalgam terror attack, after which India carried out strikes on terror camps in Pakistan and Pakistan-occupied Kashmir, according to official statements and reports published at the time.

Continue Reading

India News

Vijay meets Tamil Nadu Governor again as TVK pushes to prove majority

TVK chief Vijay held another meeting with Tamil Nadu Governor Rajendra Vishwanath Arlekar as the party intensified efforts to secure majority support after emerging as the single-largest party in the Assembly elections.

Published

on

Actor vijay

Actor-turned-politician Vijay met Tamil Nadu Governor Rajendra Vishwanath Arlekar again on Thursday as his party, Tamilaga Vettri Kazhagam (TVK), continued efforts to prove it has enough support to form the next government in the state.

TVK emerged as the single-largest party in the 234-member Tamil Nadu Assembly after winning 108 seats, but it remains short of the majority mark of 118.

The Congress has extended support to TVK, adding five MLAs to Vijay’s side. However, the alliance still needs additional backing from other parties or independents to comfortably cross the halfway mark.

According to reports, the Governor has not yet been fully convinced that TVK currently has the required numbers to form a stable government. This has delayed clarity over the swearing-in ceremony and the formal invitation to form the government.

Political activity intensified after reports emerged that some AIADMK legislators were moved to a resort in Puducherry amid speculation over possible support to TVK. AIADMK leaders, however, publicly denied any internal crisis.

TVK sources have expressed confidence that the party will be able to demonstrate majority support during discussions with the Governor.

The Tamil Nadu election results marked a major political shift in the state, with TVK breaking the long-standing dominance of the DMK and AIADMK in its first Assembly election contest.

Continue Reading

India News

PM Modi changes social media profile pictures to mark Operation Sindoor anniversary

PM Modi changed his social media profile pictures to commemorate one year of Operation Sindoor, with several NDA leaders following the move.

Published

on

PM Modi speech

Prime Minister Narendra Modi on Thursday updated the display pictures of his social media accounts to mark the first anniversary of Operation Sindoor. The new image was seen across his profiles on X, Facebook, Instagram and WhatsApp channels.

The updated profile picture carries the text “Operation Sindoor” on a black background along with elements of the Indian tricolour. One of the letters in the word “Sindoor” has been stylised using vermilion, commonly associated with married Hindu women.

Operation Sindoor was launched a year ago by Indian defence forces and the Border Security Force along the western border. The anniversary was also marked by several Union ministers and NDA leaders, who changed their social media profile pictures in a similar manner.

External Affairs Minister S. Jaishankar and other senior leaders were among those who adopted the commemorative display image on social media platforms, according to reports.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com