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US slaps sanctions on over dozen firms, including 3 from India, for 'illicit trade' with Iran

The US imposed sanctions on companies, including three from India, for facilitating illicit trade and UAV transfer for the Iranian military.

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Three India-Based Firms Among Dozen Companies Slapped With US Sanctions For Illicit Trade With Iran

Three companies that US has imposed sanctions are namely Zen Shipping, Port India Private Limited, and Sea Art Ship Management (OPC) Private Limited.

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US Holds Off On Sanctioning Israeli Units Amid Human Rights Allegations

Secretary of State Antony Blinken's letter to House Speaker Mike Johnson outlined this decision, stating that aid delivery would not be delayed, provided Israel takes specific steps to address the

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cross-border payments: From Russian funds with love: Plan mooted to tap rupee balance in special accounts

Russian financial institutions have been negotiating with the Reserve Bank of India (RBI) to use the rupees in special accounts in India for investment in stocks and securities. Currently, 10 Russian institutions, including its largest lender, have registered as foreign portfolio investors (FPIs) with Sebi. However, they have made little investments due to US sanctions in the wake of Russia s war with Ukraine.

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