The United States has imposed restrictions on two companies based in Mumbai, as well as five individuals. These measures were taken under the 'Economic Outcast' operation led by President Donald Trump. The U.S. Department of the Treasury and the Department of State announced the imposition of major sanctions targeting international infrastructure.
The sanctions affected commercial enterprises from India, customs brokers, and corporate directors. These companies are accused of illicit trade in Iranian petrochemical and petroleum products. According to the US, these networks transferred millions of dollars to Iran, providing the Iranian regime with funds to continue military actions.
These steps taken by the US are viewed as a targeted attack on India. Various Indian entities and their leaders were targeted who intentionally participated in significant deals related to petrochemical products of Iranian origin.
SSPL Solutions Private Limited, a company involved in trading petrochemical products in India, imported two million dollars worth of petrochemical goods from Iran between February 2025 and July 2025. Consequently, the director of SSPL Solutions Private Limited, along with Indian citizens Dhani Nisarg Vora and Nisarg Samir Vora, were banned under Executive Order 13846.
Samudra Marine Services Private Limited, a customs broker in India, facilitated the import of numerous shipments of petrochemical products from Iran into India. As a result of these measures, Ketan Manohar Kochikar, Bhupendrasingh Dhal Singh Sahu, and Harishyam Hariharan Chundakattil—all Indian citizens and directors of Samudra Marine Services—were restricted.
This operation, focused on India, is part of a dual campaign that also involves Turkey, the United Arab Emirates, and China. Furthermore, it includes dozens of international front companies and service providers for ship and tanker management of the shadow fleet to stop other financial channels for Iran.
The U.S. government warned that any organizations or financial institutions that continue to assist the Iranian regime in conducting trade, logistics, or circumventing sanctions may face severe penalties, including secondary sanctions that would exclude them from the American financial system.