America imposed sanctions on 19 Indian companies
Posted by Suman Sourav
Nov-08-2024 02:11:PM
Category: Lifestyle


The US has imposed sanctions on 398 companies from more than a dozen countries like Russia, China, Malaysia, Thailand, Turkey and the United Arab Emirates, including 19 companies from India. The US alleges that these companies have been providing equipment to Russia since the invasion of Ukraine in February 2022 and Russia is using them in the war against Ukraine. Most of these are suppliers of electronic equipment. Some supply aircraft parts, machine tools, etc. The Indian government has not yet reacted to this.

The US has issued a statement saying that its State, Treasury and Commerce departments have imposed these sanctions. The State Department has also imposed diplomatic sanctions on several senior officials of the Russian Defense Ministry and defense companies. According to the Treasury and State Department, the purpose of this ban is to punish third party countries. Treasury Department Deputy Secretary Wally Adeyemo said that the US and its allies are 'steadfast in their resolve to stop those who help Russia.'

This is not the first time the US has targeted Indian companies. The US had also imposed sanctions on an Indian company in November 2023. The number of companies targeted in the latest action is unusually high.
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