US sanctions two Mumbai firms, five Indians over alleged Iran oil trade — SkimNews
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- The US State Department sanctioned SSPL Solutions Private Limited and Samudra Marine Services Private Limited — both Mumbai-based — for facilitating the import of petroleum products from Iran.
- Five Indian nationals were blocked from related transactions: Dhwani and Nisarg Vora (linked to SSPL Solutions), and Ketan Kochikar, Bhupendrasingh Sahu, and Harishyam Hariharan Chundakattil (linked to Samudra Marine Services).
- The overall State Department action covered 10 entities, 6 individuals, and 5 vessels tied to Iranian petroleum and petrochemical trade, with the department stating these channels had funneled "millions of dollars" to the Iranian regime.
- Samudra Marine Services received a wind-down window until October 23 to complete existing business and exit operations before the sanctions take full effect.
- The Treasury Department separately sanctioned 17 entities along with their shadow fleet vessels, with Secretary Scott Bessent saying the goal was to "starve" Tehran of money it "uses to wage war in the region."
Why it matters: The State Department named five Indian nationals alongside the two Mumbai firms it sanctioned for alleged Iran oil trade, while granting Samudra Marine Services a grace period until October 23 — a carve-out the source explicitly describes, showing US enforcement is being phased rather than imposed instantly.
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