US sanctions 4 Indian firms under Operation Economic Outcast: Who are they, why are they targeted?
New Delhi, Aug. 25 -- A total of four Indian companies have been sanctioned by the US for importing petroleum and petrochemical products from Iran, the US State Department said in a press release.
These companies include Portease Partners LLP and its partners Indrismiya Ashrafmiya Sheikh and Harish Ramachandra Rangi. They facilitated the import of multiple shipments of Iranian petrochemical products, the State Department said in the release on Monday.
Other Indian companies facing action are Sadashiva Overseas Limited; PP Softtech Private Limited, along with its director Prashant Garg; and Prakrutees Infra Impex Private Limited.
Sadashiva Overseas imported Iranian-origin petroleum products worth around USD 69 million from multiple comp...
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