American merchants are demanding a declaration from Surat diamond traders saying the polished material is not from Russia.
Secretary of State Antony Blinken plans to make the long-anticipated designation on Monday at an event at the U.S. Holocaust Memorial Museum.
Asked about a report on the possibility that India could take up the Russian offer of discounted crude oil, White House Press Secretary Jen Psaki said this would not be a violation of the sanctions.
Jobs would be hit if US sanctions polished diamond imports from India that have been made from Russian roughs.
The ministry said that Washington had slapped a new round of sanctions in order to 'change Russia's course.'
The Treasury Department said it was imposing penalties on the five officials over their roles in obtaining equipment and technology for the North’s missile programs.
China denounced a U.S. law that restricts imports from Xinjiang as a violation of international law and dismissed complaints of abuses against Uyghur Muslim minorities as lies.
The foreign secretary said the US has decided to "undermine" a Bangladesh government agency that was at the forefront of combating terrorism, drug trafficking and other heinous transnational crimes.
The sanctions and blacklisting can prevent individuals from obtaining visas to the US, block assets under US jurisdiction, and prevent targets from doing business with US individuals or entities.
Indian Oil Corp will lift 6 million barrels of Iranian oil and Mangalore Refinery and Petrochemicals Ltd 3 million barrels, the source told Reuters.
The deal has been an issue of much speculation after US President Donald Trump's administration's law -- Countering America's Adversaries Through Sanctions Act (CAATSA) -- came into effect in January.
Traders said global oil markets remained tense because of the looming U.S. sanctions against Iran's oil exports, which kick in from Nov. 4.
Though India, one of the biggest importers of Iranian oil, has already reduced its import, it has indicated that it is unlikely to go down to zero given its massive energy needs.
The United States from Nov. 4 will target Iran's oil exports with sanctions, and Washington is putting pressure on governments and companies around the world to fall in line and cut their purchases.
So far, the 28-nation bloc has not put forward a concrete proposal for making payments to Iran for buying of oil.