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US targets Indian firms over supplies to Russian companies

The US has targeted nearly 400 entities or individuals from over a dozen countries, including the UAE, Turkey, Thailand, Malaysia, and Switzerland.

The US imposed sanctions on Wednesday on hundreds of targets in fresh action against Russia, in a signal that the US will continue to counter evasion of its measures imposed over Moscow’s invasion of Ukraine.

An action taken in concert by the US Treasury and State departments imposed sanctions on nearly 400 entities and individuals from more than a dozen different countries, according to a set of statements released by the departments.

It was the most concerted push so far against third-country evasion, a State Department official told Reuters.

According to the official, the package included dozens of Chinese, Hong Kong, and Indian companies, the most from those countries to have been hit in one package so far.

https://twitter.com/NDTVWORLD/status/1851872456656785810

Sanctions also targeted targets in Russia, the United Arab Emirates, Turkey, Thailand, Malaysia, Switzerland, and elsewhere.

The move comes as Washington has sought to rein in Russia’s sanctions-busting from those imposed after its 2022 invasion of Ukraine, which has killed or wounded thousands and reduced cities to rubble.

This should send a serious message to both the governments and the private sectors of these countries that the Government of the United States is committed to countering the evasion of our sanctions against Russia and to continue putting pressure on Russia to end its war in Ukraine,” said the official, speaking on condition of anonymity.

The U.S. Treasury Department targeted 274 entities; the State Department listed over 120. At the same time, the Commerce Department added 40 companies and research institutions to a trade restriction list over alleged support of the Russian military.

Source
Hindustan Times

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