In a first, the United States Treasury Department has imposed sanctions on at least one Indian entity for buying Iranian oil and methanol.

Another company that shipped oil to India has also come under sanctions.

The Treasury Department announced new sanctions on Thursday, September 29, targetting “an international network of companies involved in the sale of hundreds of millions of dollars’ worth of Iranian petrochemicals and petroleum products to end users in South and East Asia.”

“Today’s action targets Iranian brokers and several front companies in the UAE, Hong Kong, and India that have facilitated financial transfers and shipping of Iranian petroleum and petrochemical products,” the Treasury Department said in a release.

The United States imposed sanctions on a total of 8 entities for their involvement in Iran’s petrochemical trade.

India-based petrochemical company Tibalaji Petrochem Private Limited has purchased millions of dollars worth of Triliance-brokered petrochemical products, including methanol and base oil, for onward shipment to China, the Treasury Department said.

Triliance, a critical component of Iran’s petroleum and petrochemical sectors, which brokers the sale of Iranian products to foreign purchasers, has purchased millions of dollars’ worth of Iranian petrochemical and petroleum products from Iran-based petrochemical brokers Iran Chemical Industries Investment Company and Middle East Kimiya Pars Co., which were ultimately shipped to India, it said.