US sanctions over 10 Indian entities for supporting Russia's military-industrial base

The US has imposed sanctions on 275 individuals and entities, including over 10 from India, for allegedly supporting Russia’s military-industrial base.

Companies from China, Switzerland, Thailand, and Turkiye have also been slapped with sanctions for supplying Russia with advanced technology and equipment that it desperately needs to support its war machine, the department of treasury said in a statement on Thursday.

In addition to disrupting global evasion networks, this action also targets domestic Russian importers and producers of key inputs and other material for Russia’s military-industrial base, the statement said.

“The United States and our allies will continue to take decisive action across the globe to stop the flow of critical tools and technologies that Russia needs to wage its illegal and immoral war against Ukraine,” deputy secretary of the treasury Wally Adeyemo said.

“As evidenced by today’s action, we are unyielding in our resolve to diminish and degrade Russia’s ability to equip its war machine and stop those seeking to aid their efforts through circumvention or evasion of our sanctions and export controls,” Adeyemo said.

The state department has also targeted sanctions evasion and circumvention in multiple third countries, including several China-based companies exporting dual-use goods that fill critical gaps in Russia’s military-industrial base and entities and individuals in Belarus related to the Lukashenka regime’s support for Russia’s defence industry, the statement said.

Today, I met with Ukrainian Finance Minister @SergiiMarchenk3 to reaffirm @USTreasury's commitment to support Ukraine's economic resilience as it defends itself against Russian aggression. pic.twitter.com/xKyPlfK5rw

— Deputy Secretary Wally Adeyemo (@TreasuryDepSec) October 23, 2024

The US also targeted several senior Russian ministry of defence officials and defence companies and those supporting Russia’s future energy production and exports.

As per the list released by the department of treasury, the India-based companies are Abhar Technologies and Services Pvt Ltd (Abhar); Denvas Services Pvt Ltd (Denvas); Emsystech; Galaxy Bearings LTD (Galaxy); Orbit Fintrade LLP (Orbit); Innovio Ventures; KDG Engineering Pvt Ltd (KDG); and Khushbu Honing Pvt Ltd (Khushbu).

The Indian companies also include Lokesh Machines Ltd (Lokesh); Pointer Electronics; RRG Engineering Technologies Pvt Ltd (RRG); Sharpline Automation Pvt Ltd (Sharpline); Shaurya Aeronautics Pvt Ltd (Shaurya); Shreegee Impex Pvt Ltd (Shreegee); and Shreya Life Sciences Pvt Ltd (Shreya).

On Wednesday, the US had imposed sanctions on nearly 400 entities and individuals for enabling Russia’s illegal war against Ukraine.

"The Department of State is targeting sanctions circumvention by parties in multiple third countries, several senior Russian ministry of defence officials and defence companies, and those that support the development of Russia’s future energy production and exports," secretary of state Antony Blinken had said in a statement on Wednesday.

The US, he said, is imposing sanctions on several Chinese companies exporting dual-use goods that fill critical gaps in Russia’s military-industrial base as well as entities and individuals connected to the Lukashenka regime’s support for Russia’s defence industry.