US Treasury

• 27 Apr 2024

On 25^th April 2024, the US imposed sanctions on Indian companies, including Zen Shipping and Port India Private Limited, for supporting Iran's clandestine sale of UAVs to Russia's war in Ukraine.

Key Points

• Three India-based companies, including Zen Shipping and Port India Private Limited, face sanctions.
• These companies supported Iranian military entity Sahara Thunder in facilitating UAV transfers.
• Sahara Thunder relied on a vast shipping network involving Indian and UAE-based companies.
• US Treasury aims to combat financing of Iran's destabilizing activities, in coordination with British and Canadian partners.