Alleged aid to Russia: US sanctions 19 Indian firms, 2 individuals
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Washington DC: The United States State Department on Wednesday added 19 Indian private firms and two Indian nationals to a list of some 400 entities and individuals that will face sanctions for allegedly aiding Russia in its invasion of Ukraine, The Indian Express reported.
When the latest is not the first US sanction against Indian firms, a US State Department official told Reuters that it is the most concerted push so far against third-country evasion.
The State Department said that the US was sanctioning 400 entities and individuals on the day to enable Russia’s prosecution of its illegal war. The State Department was also imposing sanctions on more than 120 individuals and entities, while the Department of Treasury was designating more than 270 individuals and entities. Further, the Department of Commerce added 40 entities to the list of those facing sanctions worldwide.
The State Department said that its move aims to disrupt sanctions evasion and target entities in multiple countries, including China, Malaysia, Thailand, Turkey and the UAE, apart from India. The sanctions are for selling items and other important dual-use goods to Russia, which includes critical components that Moscow relies on for its weapons systems administered against Ukraine.
It said that the said items include microelectronics and computer numerical control items (CNC) on the Common High Priority List (CHPL), as identified by the US Department of Commerce’s Bureau of Industry and Security (BIS) alongside the European Union (EU), United Kingdom (UK), and Japan.
The Indian Express quoted the US State Department, “The United States will continue to use all tools at its disposal to disrupt support for Russia’s military-industrial base and curtail the Kremlin’s ability to exploit the international financial system and generate revenue in furtherance of its war against Ukraine…the Department seeks to disrupt the networks and channels through which Russia procures technology and equipment from entities in third countries to support its war effort.
