US Sanction Over 200 Companies And Individuals For Aiding Russia, 15 Indian Entities On The List (image @Unsplash)
Washington DC, US: The US has imposed sanctions on 15 Indian companies for allegedly aiding Russia’s military-industrial base. The 15 companies were among the 275 individuals and entities Washington has sanctioned for its affiliation to Russia.
Apart from India, companies from China, Switzerland, Thailand, and Turkiye have also been sanctioned for supplying Moscow with advanced technology and equipment that it desperately needs to support its war machine, said the US Department of Treasury in a statement
In addition to disrupting global evasion networks, the move also targets domestic Russian importers and producers of key inputs and other material for Russia’s military-industrial base, the statement added.
“The United States and our allies will continue to take decisive action across the globe to stop the flow of critical tools and technologies that Russia needs to wage its illegal and immoral war against Ukraine”, said Wally Adeyemo, Deputy Secretary of the Treasury
“As evidenced by today’s action, we are unyielding in our resolve to diminish and degrade Russia’s ability to equip its war machine and stop those seeking to aid their efforts through circumvention or evasion of our sanctions and export controls,” Adeyemo said
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Washington also targeted several senior Russian Ministry of Defence officials and defence companies who are supporting Russia’s future energy production and exports.
As per the list released by the Department of Treasury, the India-based companies are named as Abhar Technologies and Services Private Limited; Denvas Services Private Limited; Emsystech; Galaxy Bearings Ltd; Orbit Fintrade LLP; Innovio Ventures; KDG Engineering Private Limited; and Khushbu Honing Private Limited.
The list also include Lokesh Machines Limited; Pointer Electronics; RRG Engineering Technologies Private Limited; Sharpline Automation Private Limited; Shaurya Aeronautics Private Limited; Shreegee Impex Private Limited; and Shreya Life Sciences Private Limited.
Reportedly, on Wednesday, the US imposed sanctions on nearly 400 entities and individuals for enabling Russia’s illegal war against Ukraine.
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“The Department of State is targeting sanctions circumvention by parties in multiple third countries, several senior Russian Ministry of Defence officials and defence companies, and those that support the development of Russia’s future energy production and exports,” Secretary of State Antony Blinken had said in a statement on Wednesday.
He said Washington is imposing sanctions on several Chinese companies exporting dual-use goods that fill critical gaps in Russia’s military-industrial base as well as entities and individuals connected to the Lukashenka regime’s support for Russia’s defence industry.
(With inputs from agencies)
