Indian companies selling weapons ! America took big step?
The US has taken action and imposed sanctions on 275 people including 15 companies of india for allegedly supporting Russia's military and industry in the war against Ukraine. The US Treasury Department said in a statement on thursday that companies from China, Switzerland, thailand and turkey are also providing advanced technology and equipment to russia, which russia needs during its war.
The Treasury's Deputy Secretary stated plainly
"The united states and our allies will continue to take action to stop the flow of essential equipment and technologies around the world," stated Wally Adamo, deputy secretary of the U.S. Treasury Department. which Russia requires in order to carry on with its unlawful war against Ukraine.
Ademo said that the action taken today demonstrates our commitment to limiting Russia's military capabilities and to preventing those who assist russia from evading our sanctions.
Businesses supplying Russia's military requirements
According to a statement, the US State Department has also singled out a number of third nations for fraud and sanctions evasion. This comprises a number of Chinese businesses that supply russia with dual-use products that satisfy Russia's military requirements. The united states has also targeted defense companies, companies that help Russia's energy production and exports, and a number of key people in the Russian Defense Ministry.
Which indian businesses are prohibited?
India's Abhaar Technologies and services Pvt. Ltd., Denvas service Pvt. Ltd., Amsystech, Galaxy Bearingya Ltd., Orbit Fintrade LLP, Inovio Ventures, KDG Engineering Pvt. Ltd., and khushboo Honing Pvt. Ltd. are among the companies on the US Treasury Department's list of prohibited businesses. RRG Engineering Technologies Pvt. Ltd., Sharpline Automation Pvt. Ltd., lokesh Machines Ltd., Pointer Electronics, Shaurya Aeronautics Pvt. Ltd., Shreeji Impex Pvt. Ltd., and Shreya Life Sciences Pvt. Ltd. Nearly 400 individuals and groups were sanctioned by the US on wednesday for supporting the conflict between russia and Ukraine.
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