The US Treasury mentioned Sadashiva Abroad Restricted imported about $69 million price of Iranian-origin petroleum merchandise between February 2024 and June 2025.
This contains provides from beforehand sanctioned Bonjoure Commodity FZE. PP Softtech Personal Restricted and Prakrutees Infra Impex India Personal Restricted every imported merchandise valued at about $25 million, taking the mixed imports attributed to the three corporations to roughly $119 million.
Portease Companions LLP, an India-based customs dealer, was sanctioned for allegedly facilitating a number of shipments of Iranian petrochemical merchandise into India. Its designated companions, Indrismiya Asharafmiya Shekh and Harish Ramchandra Rangi, have been additionally positioned underneath sanctions, together with PP Softtech director Prashant Garg.
The measures have been introduced as a part of “Operation Financial Outcast”, which the Treasury described as a sustained marketing campaign towards Iran and firms, people and vessels supporting its financial system.
The Workplace of International Belongings Management sanctioned practically 60 entities, people and vessels throughout a number of jurisdictions and widened potential secondary sanctions to Iran’s digital belongings, know-how, gold, aviation and transport sectors.
Chinese language corporations and people additionally sanctioned
The sanctions additionally cowl a minimum of 20 corporations based mostly in mainland China and Hong Kong, in addition to 4 China-based people, over alleged involvement in Iran’s sensitive-technology procurement and oil-shipping networks.
| 5 corporations based mostly in mainland China sanctioned |
| Shenzhen Candy Ocean Know-how Restricted |
| Shenzhen Huamei Lianyun Worldwide Logistics Co Ltd |
| Shenzhen Bositong Logistics Co Ltd |
| Bositong Provide Chain Shenzhen Co Ltd |
| Lilimoon Navigation Inc |
| 4 Chinese language people sanctioned |
| Li Na |
| Tian Jianbai |
| Zhang Limei |
| Qiu Xingyu |
Amongst them, Hong Kong-based Candy Ocean Industrial Restricted was accused of serving to procure laser optics and different delicate gear for Iran’s Malek Ashtar College of Know-how. China-based Li Na, Tian Jianbai and Zhang Limei have been sanctioned for his or her alleged roles in sourcing gear, coordinating purchases and dealing with deliveries for the community.The Treasury additionally focused Shenzhen Candy Ocean Know-how Restricted and a number of other corporations in Hong Kong accused of transferring funds or procuring delicate merchandise for Iranian end-users. China-based Qiu Xingyu and firms linked to him have been sanctioned over alleged logistics assist for an Iranian agency serving a defence analysis organisation.
Individually, China-based Lilimoon Navigation Inc and Hong Kong-registered Vienna Delivery and Riqueza Group have been sanctioned in reference to vessels accused of transporting Iranian petroleum. The Treasury mentioned the Quantum Hope and Voyage Elite had carried thousands and thousands of barrels of Iranian oil to China in 2026.
First Revealed: Aug 25, 2026 1:54 PM IST
