15 Indian companies face US crackdown over war supplies to Russia

The US has imposed sanctions on 275 individuals and entities, including 15 from India, for allegedly supporting Russia's military-industrial base.

15 Indian companies face US crackdown over war supplies to Russia
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The US has imposed sanctions on 275 individuals and entities, including 15 from India, for allegedly supporting Russia's military-industrial base.

Companies from China, Switzerland, Thailand, and Turkiye have also been slapped with sanctions for supplying Russia with advanced technology and equipment that it desperately needs to support its war machine, the Department of Treasury said in a statement on Thursday.

In addition to disrupting global evasion networks, this action also targets domestic Russian importers and producers of key inputs and other material for Russia's military-industrial base, the statement said.

The State Department has also targeted sanctions evasion and circumvention in multiple third countries, including several China-based companies exporting dual-use goods that fill critical gaps in Russia's military-industrial base and entities and individuals in Belarus related to the Lukashenka regime's support for Russia's defence industry, the statement said.

The US also targeted several senior Russian Ministry of Defence officials and defence companies and those supporting Russia's future energy production and exports.

As per the list released by the Department of Treasury, the India-based companies are 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 Indian companies 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.

#India #World #International news #Russia
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