Iranian companies urge India, global bodies to help left US sanctions

TEHRAN: Iranian companies have called on the Indian government and international organisations to help lift US-imposed sanctions that are hindering their global trade operations.

Industry leaders from firms such as Modiran Polymers and Mobarakeh Steel Group emphasised the urgent need for support in removing these restrictions, which have severely limited their ability to conduct financial transactions, access shipping services, and engage directly with international markets.

They urged India and global bodies to play a constructive role in facilitating smoother trade relations and restoring fair market access for Iranian exporters. Mohammad Kaboli, Managing Director of Modiran Polymer, says that they want to do business with India, but due to US sanctions, they can’t do business with India directly.

#WATCH | Iran Expo | Tehran, Iran | Managing Director of Modiran Polymer, Mohammad Kaboli says, “…It is my first time to be in this exhibition. This exhibition wants to show the potential of the exporting items to out of work. So this exhibition has a support from Iranian… pic.twitter.com/DxCfifyvld

— ANI (@ANI) April 30, 2025

“India is a good country, but we can’t do business due to US sanctions. We have to use the Dubai transit route, because we have a problem with the money transaction and transportation. Due to sanctions, very few shipments come to Iran for the transportation of goods”, he said.

He added that traders who are coming to our stall in the Iran Expo are showing good quality products. “Our purpose is to increase our client base and export. Our only request to the government is to solve some problems so that companies like ours can work easily for export. We want to make easy money transfers, as there is no system to transfer money to Iran through SWIFT. Iran and the US are engaged in negotiations, and we hope that negotiations between Iran and the United States will solve everything”, he said.

Speaking on the sidelines of the Iran Expo, Abouzar Alvandi, Export Head for Far East and Middle Asia at Mobarakeh Steel Group, said, “Due to these sanctions by the US and EU, we face difficulties in financial transactions, particularly through the SWIFT system. As a result, we’re often forced to export indirectly via third-party traders instead of directly to end users, who fear being blacklisted under US sanctions,” he said.

He also pointed to logistical challenges, especially in maritime shipping. “Very few ship owners are willing to work with Iranian companies or send vessels to Iranian ports, which severely hampers our operations”, he noted. (ANI)