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For tech supply to Russia, US punishes Indian firms among others

The sanctions, targeting dozens of companies from India, China, and Hong Kong, represent the largest single-package action against these countries to date

Navin Upadhyay by Navin Upadhyay
1 November 2024
in News, Technology
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For tech supply to Russia, US punishes  Indian firms among others
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Power corridors Bureau

New Delhi

The United States has slapped sanctions on nearly 400 entities and individuals from more than a dozen countries, including India, for allegedly supplying advanced technologies to support Russia’s war efforts in Ukraine, report agencies. . This extensive action by the Treasury and State Departments signals Washington’s strongest stand yet against global evasion of sanctions aimed at Russia.

US sanctions 19 Indian Firms.Photo Credit: Google Images
US sanctions 19 Indian Firms.
Photo Credit: Google Images

The sanctions, targeting dozens of companies from India, China, and Hong Kong, represent the largest single-package action against these countries to date. The sweep also affects entities in the UAE, Turkey, Thailand, Malaysia, and Switzerland, underscoring a widespread crackdown on those enabling Russia’s military operations.

Also Read: Trump stages bold PR move with “garbage truck” stunt.

Deputy Treasury Secretary Wally Adeyemo highlighted the United States’ commitment to cutting off the supply of critical technologies that Russia relies on to sustain its war. The Treasury Department sanctioned 274 entities, while the State Department designated over 120 individuals and groups. Further, the Commerce Department added 40 companies and research institutions to its restricted trade list, citing suspected support of the Russian military.

A key focus of these sanctions is on blocking exports of “Common High Priority Items”—advanced components essential for military use. U.S. officials have expressed mounting concerns over increased exports of such goods from India to Russia, suggesting that actions against specific companies may follow.

Among the Indian firms sanctioned was Futrevo, cited for allegedly supplying high-priority items to a Russian manufacturer of Orlan drones. This action sends a clear warning that the U.S. will take decisive steps against any nation or company facilitating the supply of critical technologies that may fuel the conflict in Ukraine.

 

 

Tags: Indian firmsRussiaUkraineUSA sanction
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