U.S. Removes Four Indian Companies From Russia-Related Sanctions List
- The U.S. removed four Indian companies from its sanctions list for allegedly supplying goods and technology to Russia's military base in November 2024.
- The companies removed from the list included RRG Engineering, Lokesh Machines, Galaxy Bearings, and Shaurya Aeronautics, accused of exporting dual-use equipment to Russia.
- India stated it is a responsible member of the international community and enforces export control laws to ensure compliance by Indian companies.
- Along with removing the Indian firms, the U.S. Treasury imposed new sanctions on individuals linked to fuel smuggling networks tied to a Mexican drug cartel.
15 Articles
15 Articles
US Lifts Sanctions From Indian Firms: A good news has come from America on Wednesday, the US Finance Department has shared information and said that the ban on Indian companies included in the ban list for having links with Russia has been lifted.
US lifts Russia-linked sanctions on 4 Indian entities
Washington had blacklisted the firms, accusing them of providing financial, material, and technological support to Moscow The US has lifted sanctions on four Indian entities, two years after imposing them over alleged links to Russia. The Indian entities have been removed from the Specially Designated Nationals (SDN) List as part of the latest sanctions update,...
US lifts sanctions on four companies based in Hyderabad, Delhi, Ahmedabad: All you need to know
As per a document released by the US government, the companies have been deleted from the Office of Foreign Assets Control's (OFAC) Specially Designated Nationals and Blocked Persons (SDN) List.
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