The United States on Monday sanctioned 15 Indian companies as part of the broader move to penalize 275 individuals and entities around the world for supporting the Russian military. This was after the U.S. Treasury Department alleged that the affected entities had been selling state-of-the-art technology, including critical materials, used to aid Russia in waging its war against Ukraine. The effort seeks to restrict the global support base of Russia’s military-industrial base.
This round of sanctions involved companies in several countries and entities from China, Switzerland, Thailand, and Turkey. The effort aims to deny Russia the equipment it needs for its defence sector, which the United States and its allies claim is fueling an “illegal and immoral” conflict in Ukraine. Deputy Secretary of the Treasury Wally Adeyemo emphasized that America would continue to act decisively to stop the sharing of sensitive technologies that can aid Russia, promising additional actions against companies that tried to circumvent the already imposed restrictions.
Some of the 15 Indian companies supporting the Russian military include:
Some Indian companies that are now on the list of sanctions in the U.S. are Abhar Technologies and Services Private Limited, Denvas Services Private Limited, Galaxy Bearings Ltd, and Shaurya Aeronautics Private Limited among others. These companies are accused of selling materials and products to the Russian military industry, further complicating the relations between the U.S. and India in an intricate global game of geopolitics. In addition, the rest of the Indian companies Emsystech, Orbit Fintrade LLP, and Shreegee Impex Private Limited have also been placed on the list of banned, and the sanctions were in place for cutting all forms of ties with Russia’s defence supply chain.
The new sanctions also target senior figures in Russia’s Ministry of Defence and those businesses involved in the production of future Russian energy supplies. According to the US Secretary of State, Antony Blinken, these sanctions on companies in third countries target the disruption of flows of dual-use items going into Russia and cut the Russian defence industry further inside.
This sanctions package extends prior US steps to sanction close to 400 entities globally for the alleged support they offer Russia’s military-industrial complex. The Biden administration will try to strangle worldwide support for Moscow by compelling countries and firms that continue to circumvent the sanctions.
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