Relationship with Russia is not acceptable, the Indian companie that were banned by the US

Indian Companies In US / Relationship with Russia is not acceptable, the Indian companie that were banned by the US

Indian Companies In US - Relationship with Russia is not acceptable, the Indian companie that were banned by the US

Indian Companies In US: Recently, the US has imposed sanctions on a total of 275 individuals and units, including 15 Indian companies, for allegedly supporting Russia's military-industrial establishments. According to the US Treasury Department, these companies were providing advanced technology and equipment to Russia, which Russia is using to operate its war machinery. This move is part of a series of comprehensive sanctions that the US and its allies have taken against Russia for promoting the Ukraine war.

List of Indian companies

The list released by the US Treasury Department includes the names of the following Indian companies:
Aabhar Technologies and Services Private Limited
Denvas Services Private Limited
MSystech
Galaxy Bearings Limited
Orbit Fintrade LLP
Innovio Ventures
KDG Engineering Private Limited
Khushboo Honing Private Limited
Lokesh Machines Limited
Pointer Electronics
RRG Engineering Technologies Private Limited
Sharpline Automation Private Limited
Shaurya Aeronautics Private Limited
Shreeji Impex Private Limited
Shreya Life Sciences Private Limited

Basis of ban

Earlier, the US had announced sanctions on about 400 entities and individuals linked to promoting Russia's ongoing war against Ukraine. Deputy Finance Minister Wally Adeyemo clarified that the purpose of this action is to stop the flow of equipment and technologies required to Russia's war machinery. He said that the US and its allies are adamant on disrupting the supply of materials needed for the illegal and immoral war against Russia through this ban.

India's response

Reacting to the ban, India's Ministry of External Affairs has said that they are in touch with US officials to clarify the issues. Ministry spokesperson Randhir Jaiswal said that these companies are not violating Indian laws and there is no illegal activity in their operations.

Jaiswal said, "Our understanding is that these companies are following approvals, transactions, and other processes. Therefore, we have initiated a dialogue with US officials to clarify this situation."

Conclusion

This development could open a new chapter of tension between the US and India, especially when many strategic and economic partnerships exist between the two countries. This move by the US could bring potential economic and trade challenges for Indian companies, while India is claiming to work within its legal framework. Now it remains to be seen in which direction this matter moves forward and whether both the parties will be able to find a solution to this issue through dialogue.