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**Summary:**

The United States has imposed sanctions on six Indian companies for allegedly violating U.S. sanctions against Iran by engaging in significant transactions for the purchase and marketing of Iranian petroleum and petrochemical products. These sanctions are part of a broader U.S. effort to pressure Iran and target its oil and petrochemical exports. The affected Indian companies face asset freezes in the U.S. and are prohibited from conducting business with American entities. The U.S. action also targeted companies in other countries, including Turkey, the UAE, China and Indonesia.

**News Article:**

**U.S. Sanctions Six Indian Firms Over Iranian Oil Trade**

*Washington D.C. -* In a move that could strain Indo-U.S. relations, the United States has announced sanctions against six Indian companies accused of violating U.S. sanctions on Iran. The U.S. State Department alleges these companies engaged in significant transactions involving the purchase and marketing of Iranian petroleum and petrochemicals.

The sanctions, announced Wednesday, target Alchemical Solutions Private Limited, Global Industrial Chemicals Limited, Jupiter Dye Chem Private Limited, Ramniklal S Gosalia and Company, Persistent Petrochem Private Limited, and Kanchan Polymers. The U.S. claims these companies collectively imported tens of millions of dollars worth of Iranian petrochemical products, including methanol and toluene, in violation of U.S. sanctions imposed on Iran.

“These sanctions are part of our ongoing ‘maximum pressure’ campaign against Iran,” a U.S. State Department spokesperson said. “We are committed to disrupting Iran’s oil and petrochemical trade, which funds its destabilizing activities in the region.”

As a result of the sanctions, all assets of the targeted Indian companies within the United States or controlled by U.S. persons are now frozen. U.S. individuals and entities are prohibited from doing business with these companies.

While India has historically maintained trade relations with Iran, it has significantly reduced Iranian oil imports since 2019, following earlier U.S. sanctions. However, these new sanctions underscore Washington’s continued vigilance regarding any potential violations of its Iran policy.

The sanctioned companies have the option to petition the U.S. Treasury Department’s Office of Foreign Assets Control for removal from the Specially Designated Nationals list. The U.S. government maintains that the ultimate goal of sanctions is to encourage positive change in behavior.

The U.S. also sanctioned companies in Turkey, the UAE, China, and Indonesia for their alleged roles in facilitating Iranian oil and petrochemical trade.

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