GeopoliticsMedium•4 November 2026•
1 min read
US Sanctions Indian and Turkish Entities Over Iran Aviation Ties
Key Facts
1The US Treasury sanctioned a network led by Suniel Kumar Sharma and several Indian entities connected to him.
2Sanctions included Turkey-based Fugo Group Services Inc for supporting Iran's aviation sector.
The US Treasury Department sanctioned a network led by Suniel Kumar Sharma and several connected Indian entities. Yahoo News Singapore reported that the sanctions also included Turkey-based Fugo Group Services Inc for providing support to Iran's aviation sector and its financial networks.
The enforcement action coincides with economic data from Turkey showing the annual inflation rate reached 29.77% on November 3, 2026, while the Turkish balance of trade recorded a deficit of $6.7 billion on the same date. These measures are part of a broader effort to disrupt financial support and logistics provided to sanctioned Iranian interests through international intermediaries.