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US Sanctions Indian and Turkish Firms

The US Treasury has issued fresh sanctions against companies and individuals based in India and Turkey for supporting Iran. The measures target networks providing false maritime flags and aviation services to help evade international restrictions.

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A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023. REUTERS/Kevin Lamarque

The United States Treasury issued fresh sanctions on Wednesday against companies and individuals based in India and Turkey for supporting Iran's petroleum and aviation sectors. The action targets illicit networks providing false maritime flags to oil tankers supporting the Iran military and its proxies. The move tightens economic pressure following the United States blockade of Iranian ports reimposed on July 14 after negotiations with Iran broke down.