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Eight Indian nationals and respective India-based firms are among the implicit 50 entities and persons sanctioned by the U.S. for allegedly facilitating Iranian vigor trade, according to an authoritative statement.
The State Department imposed sanctions connected astir 40 entities, individuals and vessels to "deny the Iranian authorities funds it uses to behaviour its malign activity," the section said successful a property merchandise connected Thursday (October 9, 2025).
While the Department of the Treasury’s Office of Foreign Assets Control (OFAC) concurrently imposed sanctions connected implicit 50 entities, persons and vessels progressive successful exporting Iranian petroleum and liquefied petroleum state (LPG) to planetary markets.
The lists released by the 2 departments included 8 Indian nationals, who were added to Washington's database of “Specially Designated Nationals (SDN) and Blocked Persons". Those connected the database are barred from doing concern with Americans and look restrictions connected introduction to the U.S.
Those sanctioned see Niti Unmesh Bhatt, whose India-based Indisol Marketing Private Limited was besides sanctioned.
The petrochemical trading institution imported astir $74 cardinal worthy of Iranian-origin petrochemical products from a U.S.-designated steadfast betwixt January and December 2024.
Also connected the database was Piyush Maganlal Javiya, whose Chemovick Private Limited petrochemical trading institution was besides sanctioned. It imported much than $7 cardinal worthy of Iranian-origin petrochemical products from a U.S.-designated steadfast betwixt 2024 and 2025.
Kamla Kanayalal Kasat, Kunal Kanayalal Kasat and Poonam Kunal Kasat were besides connected the list. Their company, Haresh Petrochem Private Limited imported astir $10 cardinal worthy of Iranian-origin petrochemical products from aggregate companies betwixt January 2024 and February 2025. All three, arsenic good arsenic their company, were sanctioned.
The database besides included Varun Pula, who is the proprietor of Marshall Islands-based Bertha Shipping Inc., which owns and operates the Comoros-flagged vessel PAMIR. The vas has transported astir 4 cardinal barrels of Iranian LPG to China since July 2024. The institution was besides connected the list.
Another Indian nationalist sanctioned was Iyappan Raja, who is the proprietor of Marshall Islands-based Evie Lines Inc., which owns and operates the Panama-flagged SAPPHIRE GAS vessel. It has transported implicit a cardinal barrels of Iranian LPG to China since April 2025. Evie Lines Inc. was besides connected the database of sanctioned entities.
Soniya Shrestha, who owns Vega Star Ship Management Private Limited, was besides sanctioned, and truthful was her company. It owns and operates the Comoros-flagged vessel, NEPTA, which has transported Iranian-origin LPG to Pakistan since January 2025.
Other India-based entities connected the OFAC's SDN database see B. K. Sales Corporation, C.J. Shah and Co., Mody Chem, Paarichem Resources LLP, and Shiv Texchem Limited.
"These actors person collectively enabled the export of billions of dollars’ worthy of petroleum and petroleum products, providing captious gross to the Iranian authorities and its enactment for violent groups that endanger the United States," the Treasury Department said successful a property release.
“The Treasury Department is degrading Iran’s currency travel by dismantling cardinal elements of Iran’s vigor export machine,” it said, quoting Secretary of the Treasury Scott Bessent.
The connection added that each "property and interests successful spot of the designated oregon blocked persons" that are successful the U.S. oregon successful the possession oregon power of U.S. persons are blocked and indispensable beryllium reported to OFAC.
Any entities owned, straight oregon indirectly, individually oregon successful the aggregate, 50% oregon much by 1 oregon much blocked persons besides basal blocked.
