US Sanctions Two Indians, And The Impact On The US Economy

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Last updated on December 31st, 2024 at 09:58 am

The US has imposed sanctions on 18 entities, affecting the US economy, which includes two Indian nationals, for their alleged ties to a Houthi oil network that is allegedly believed to fund attacks on Israel and disrupt maritime activities in the area of the Red Sea. We here analyze the US sanctions and their impact on the US economy.

The US Allegations & US Sanctions

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The United States has imposed sanctions on a total of 18 companies and individuals, which also includes two Indians, for their alleged involvement in a Houthi network responsible for transporting Iranian oil.

This network reportedly has been alleged to fund Houthi attacks on Israel and disrupt maritime activities in the Red Sea region.

It remains to be seen how the US actions is going to affect the US economy.

The US Announcement

The Treasury Department’s Office of Foreign Assets Control (OFAC), announced these sanctions allegedly linking the sanctioned parties to a financial official believed to be associated with the Islamic Revolutionary Guard Corps-Qods Force named Sa’id al-Jamal.

]Also Read: How Is the Indian UPI Leading to USD De-Dollarization? Analyse The Secret Now]

US Sanctions & The Corporate Effect

The Indo Gulf Ship Management based in the UAE, and the Changtai Shipping and Motionavigations Limited, registered in the Marshall Islands, are the two companies that are being said to be affected.

The Affected Indian Nationals

Dipankar Mohan Keot and Rahul Rattanlal Warikoo, are the two Indian Nationals sanctioned by the US, alleging their connection with the Indo Gulf Ship Management.

Warikoo, who is serving as the managing director, has also previously held management positions in US-designated companies linked to Iranian oil shipments.

Keot is the acting technical manager, allegedly overseeing vessel operations and budgets.

US Action Against Indian Nationals Targeting The Indian Economy

As part of the US sanctions, all assets allegedly owned by both of these Indian Nationals (individuals) and the companies that are more than 50% owned y them will be frozen by the US authorities and reported to the OFAC.

In addition, the vessel captains Wahid Ullah Durrani and Ali Barkhordar have also been sanctioned for their alleged roles in the believed facilitation of the illicit transfer of oil cargo. Captain Barkhordar has also been alleged to be involved in a ship-to-ship transfer of sanctioned oil while being in command of a US-sanctioned vessel.

US officials are emphasizing that the revenue generated from al-Jamalโ€™s network allegedly continues to support the activities of the Houthi military, including the alleged missile attacks in the Red Sea region.

Bradley T. Smith, the acting US undersecretary for terrorism and financial intelligence, has reiterated the commitment of the US Treasury to disrupt the financial networks that enable such kind of destabilizing actions.

The US Fraud US Sanctions Two Indians, And The Impact On The US Economy

The US Fraud

Here the US fraud is very clear that neither does the US have any evidence against the two sanctioned Indian nationals, nor has the US admitted to having any evidence in the matter.

Moreover, it is very clear that the US is just a war-dependent economy and is mainly dependent on the sales of arms and ammunition which is not at all possible without instigating war between other countries, and the US has been observed to be very blatantly doing the same since the end of World War – II.

The US has always been targeting other countries that refuse to bow down to its whims and wishes, and they have also been trying to target the Indian economy in a similar fashion, unaware that the Indian society is not a snake charmer’s land as assumed by them.

Now the entire world is aware of all these facts.

The US Targets Indian Economy

The US continues to target the Indian economy, unhindered, without even thinking of the possible consequences that the US and the US economy might have to face in the future.

Moreover, the US State has become confused and unable to understand the way to prevent the spiral upward movement of the Indian economy.

The US Economy US Sanctions Two Indians, And The Impact On The US Economy

The US Economy

Several US politicians including the contestants in the US Presidential Elections as well as many multi-national corporations including Elon Musk, have dropped several hints that the US economy is likely to collapse after the ensuing US Presidential Elections, very clearly indicating the downfall of the US Dollar along with the US economy vis a vis the spiral upward movement of the Indian economy.

Bank Of America US Sanctions Two Indians, And The Impact On The US Economy

Bank Of America

The Bank of America has already hinted that it may be the first bank to go down along with the US economy, as well as the future reliance on gold-linked cryptocurrency.

[Also Read: US & Canada Target Indian Economy: All You Should Know]

The US Dollar Vs. The Gold Linked Cryptocurrency

It has been observed that the US in an effort to somewhat preserve the US economy has started attempting to ensure that the US Dollar gets replaced by the gold-linked cryptocurrency, in view of the ensuing launch of the New BRICS Payment System at the ensuing BRICS Summit in Kazan, Russia.

The US has fully realized that the BRICS countries are heading towards ensuring that the New BRICS Currency / or BRICS Payment System is likely to be gold or gold-based.

The US Confusion & The Multi-Polar World

With the spiral upward movement of the Indian economy and the downward movement of the Us economy, there is a severe impact on the US.

The US is fully confused about its likely status and position in the multi-polar world of the future, and the results of the US Dollar De-Dollarization.

Conclusion

Very soon the effect of the US sanctions is likely to die down at the global level, as is clearly visible in the case of US sanctions on Iran, Russia, and several other countries.

As the world now grows smarter the dictatorship of the Western giants is now slowly moving towards an exit with the entry of the multi-polar world.

Your FAQs Answered Here:

How does US economy affect India?

The US economy plays a pivotal role in India’s economic landscape. As one of India’s largest trading partners, the US offers a market for Indian exports, encompassing IT services, pharmaceuticals, textiles, and agricultural products. The US economy translates to demand for Indian exports, thereby adding to India’s already bolstered economic growth.

Moreover, the US is an investor in India, particularly in a few sectors such as technology, infrastructure, and manufacturing. These investments partially contribute to job creation, and inject some capital into the Indian economy. The US stock market also exerts some influence on Indian investors, as a strong US market sometimes does attract Indian investors to invest in US stocks, leading to increased capital flows for the US.

Overall, India’s economy has become increasingly diversified, mitigating its dependence on the US.

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Avatar of Ghanshyam Mulani

Worked with The Deputy Chief Minister & Home Minister Government of Maharashtra, and then with The Deputy Prime Minister & Union Minister for Home Affairs, Government of India. Now Chief Ofย  Real Time News Analysis. We are a fully professional team working in the fields of Finance, Real Estate, Business, Technology, Geo-Politics, & Global News, and with an experience of more than 40 years in these fields.