The US imposed sanctions on nearly 400 entities and individuals from over a dozen countries, including India, accusing them of supplying Russia with advanced technology to support its "war machine" against Ukraine. 

The action, taken by the treasury and state depts, was the most concerted push so far against third-country evasion of the sanctions imposed on Russia. It included sanctions on dozens of Indian, Chinese and Hong Kong companies, the most from those countries to be hit in one package so far, according to an official. 

Also hit were targets in Russia, UAE, Turkey, Thailand, Malaysia and Switzerland. "The US and our allies will continue to take decisive action to stop the flow of critical tools and technologies that Russia needs to wage its illegal and immoral war against Ukraine," said deputy treasury secretary Wally Adeyemo.

The treasury department imposed sanctions on 274 targets, while the state dept designated more than 120 and the commerce department added 40 companies and research institutions to a trade restriction list over their alleged support of the Russian military. 

The US has repeatedly warned against supplying Russia with Common High Priority Items—advanced components, including microelectronics, which the US and European Union believe are likely to be used for Russia’s war in Ukraine. A state department official said there has been an increase in export of such goods from India to Russia, as well as increased interest in taking action against companies facilitating such activity. 

The action was designed to signal the US would take action against Indian companies if progress is not made through communication.

“With India, we have been direct and blunt about concerns about what we see as sort of emerging trends in that country that we want to stop before they get too far down the road,” said an official. India-based Futrevo was among the firms targeted for suspected involvement in supply of highpriority items to Russia-based manufacturer of Orlan drones. 

Source: The Times of India 

BDST: 1818 HRS, NOV 01, 2024
MN