Several Indian sectors that earlier depended heavily on the American market are now quickly redirecting their products to other regions. Items like shrimps, gems and jewellery, auto components, and electrical machinery have found many buyers in Asian and European countries.
Notably, during his election campaign, Mamdani had called Trump "despot" and a "fascist", a favourite jibe of the Left politicians and the Leftist media to target all conservatives.
The US has sanctioned Mumbai-based RN Ship Management and its Indian directors for aiding Iran’s military oil network. Part of a crackdown on Iran’s "shadow fleet," the move aims to cut funding for Tehran’s nuclear program and proxies by targeting covert crude shipments.
The European Union, which serves as a key market for RIL, had declared a blanket ban on petroleum product imports that are derived from Russian crude oil in 3rd countries.