WASHINGTON, July 31: US President Donald Trump once again mounted a sharp attack on India and Russia for their close ties and said he doesn’t care what New India does with Moscow.
They can take their dead economies down together, for all I care, he said in a fresh social media post, hours after announcing 25 per cent tariffs on imports from India.
“I don’t care what India does with Russia. They can take their dead economies down together, for all I care,” he said.
“We have done very little business with India, their Tariffs are too high, among the highest in the World,” he added.
US sanctions six Indian firms over Iran oil trade
The Trump administration has imposed sanctions on six Indian companies for their significant sales and purchases of Iranian-origin petrochemical products. The US is taking action to stem the flow of revenue that the Iranian regime uses to support terrorism abroad and oppress its own people. Multiple companies in India, the United Arab Emirates, Türkiye, and Indonesia are being designated for their significant sales and purchases of Iranian-origin petrochemical products.
The US has designated 13 entities across multiple jurisdictions which have engaged in the transhipment, sale, and purchase of Iranian-origin petrochemicals. The India-based companies being designated include Kanchan Polymers, Alchemical Solutions, Ramniklal S Gosalia & Co, Jupiter Dye Chem Private Limited, Global Industrial Chemicals Limited, and Persistent Petrochem Private Limited. These companies are being designated for knowingly engaging in a significant transaction for the purchase, acquisition, sale, transport, or marketing of petrochemical products from Iran.
As a result of the sanctions-related actions, all property and interests in property of the designated persons that are in the United States or in possession or control of US persons are blocked and must be reported to the Department of Treasury’s Office of Foreign Assets Control. The US will continue to impose maximum pressure on the Iranian regime until Iran accepts a deal that advances regional peace and stability and in which Iran forgoes all aspirations of a nuclear weapon.
The US Treasury Department is designating more than 50 individuals and entities and identifying more than 50 vessels that are part of the vast shipping empire controlled by Mohammad Hossein Shamkhani, son of Ali Shamkhani, a top political advisor to the Supreme Leader of Iran Ayatollah Ali Khamenei. The Treasury statement also names UAE-based Indian national Pankaj Nagjibhai Patel, who has served as an executive on several shipping companies in Hossein’s network, including Teodor Shipping. (PTI)