The US Treasury Department imposed sanctions on entities in India, China, and Russia, including India-based Skiez Travels, for allegedly providing support to Iran's Mahan Air and the IRGC.
The sanctions target networks accused of facilitating logistics and financial transactions, including the use of Bitcoin, to help Iran evade international restrictions.
This move marks a significant escalation in US diplomatic pressure, directly impacting Indian firms involved in travel and logistics services linked to Iranian state-owned enterprises.