The Indian companies were among nearly 400 entities and individuals sanctioned by the US state and treasury departments on October 30 for enabling Russia to carry out its ‘illegal war’ against Ukraine, readouts from the American side said
India on Saturday said none of the 18 Indian companies sanctioned by the US this week for supplying electronic, engineering and aviation components to Russia had violated domestic laws, though authorities are sensitising firms to new export control measures that can impact their operations.
The Indian companies were among nearly 400 entities and individuals sanctioned by the US state and treasury departments on October 30 for enabling Russia to carry out its “illegal war” against Ukraine, readouts from the American side said.
Most of the Indian firms faced sanctions for shipping electronic, computer and aviation components and dual use goods to Russia.
“Our understanding is that the sanctioned transactions and companies are not in violation of Indian laws,” external affairs ministry spokesperson Randhir Jaiswal told a regular media briefing when asked about the US sanctions.
“We are also in touch with the US authorities to clarify issues,” he said
Indian government agencies are conducting outreach events on strategic trade and export controls for Indian industries and stakeholders. In keeping with India’s established non-proliferation credentials, authorities are working with relevant departments and agencies to sensitise Indian firms on applicable export control provisions, and to “inform them on new measures being implemented that could impact Indian companies in certain circumstances”.