US de-lists four Indian companies sanctioned for aiding Russia's military base
The US Department of the Treasury has removed four Indian companies from its sanctions list after they were previously accused of supplying dual-use technology to Russia's military-industrial base. No specific reason was provided for the reversal of these sanctions.
Why it matters
The delisting of these firms is a significant development in international trade relations and geopolitical maneuvering regarding the Russia-Ukraine conflict.
US on Wednesday removed four Indian companies from its sanctions list, earlier accused of supplying advanced technology and equipment for Russia's military-industrial base.The companies earlier sanctioned areHyderabad-based RRG Engineering Technologies Private LimitedHyderabad-based Lokesh Machines LimitedAhmedabad-based Galaxy Bearings LtdNew Delhi-based Shaurya Aeronautics Private Limited.They have been deleted from the Office of Foreign Assets Control's (OFAC) Specially Designated Nationals and Blocked Persons (SDN) List, according to an update issued by the US Department of the Treasury on Tuesday, as reported by PTIGalaxy Bearings was sanctioned in October 2024 over allegations that it exported dozens of shipments of high-priority dual-use items, including roller bearings and roller assemblies, to Russian entities.Shaurya Aeronautics was sanctioned for allegedly supplying radar apparatus, radio navigational aid equipment, radio remote control apparatus and other electrical equipment to Russia.RRG Engineering Technologies had been accused of sending more than 100 shipments of microelectronics to Arteks Limited Company, a Russia-based entity on the SDN List.Lokesh Machines was accused of exporting dozens of shipments of machine tools to various Russian manufacturing companies.The US Department of the Treasury did not specify the reason for removing the four companies from the sanctions list.Get the latest business news and top stories. Download the TOI App.Ready to Make a Smarter Property Decision? Build Your Legacy with TOI Homes.
The report presents factual updates from government treasury documents without editorializing the geopolitical implications.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in