India responds to U.S. sanctions on 19 firms: Reaffirms commitment to non-proliferation and export control compliance
- In Reports
- 10:08 PM, Nov 02, 2024
- Myind Staff
The Ministry of External Affairs (MEA) has issued a response to the sanctions imposed by the United States on 19 Indian companies, which are accused of supplying dual-use technologies to Russia, potentially supporting its military-industrial sector.
MEA spokesperson Randhir Jaiswal addressed the sanctions, stating, "We have seen these reports of US sanctions. India has a robust legal and regulatory framework on strategic trade and non-proliferation controls."
Jaiswal underscored India's commitment to non-proliferation, noting its membership in three major international export control regimes—the Wassenaar Arrangement, the Australia Group, and the Missile Technology Control Regime—as well as its compliance with United Nations Security Council (UNSC) sanctions.
"Our understanding is that the sanction, transactions, and companies are not in violation of Indian laws," he noted, adding that India will continue to work with relevant departments to ensure Indian companies are informed of export control provisions.
The US action is part of broader sanctions against 400 entities and individuals globally, including companies from China, Switzerland, Thailand, and Turkiye, aimed at curtailing support to Russia’s defense sector.
The Department of Treasury stated the sanctions intend to "stop the flow of critical tools and technologies that Russia needs to wage its illegal and immoral war against Ukraine." a PTI report said quoting Deputy Secretary of the Treasury Wally Adeyemo.
"We are unyielding in our resolve to diminish and degrade Russia’s ability to equip its war machine," Adeyemo said.
The U.S. Department of Treasury’s sanctions list includes several Indian companies, such as Abhar Technologies and Services, Denvas Services, Galaxy Bearings, Orbit Fintrade LLP, Innovio Ventures, KDG Engineering (KDG), Khushbu Honing, Lokesh Machines, Pointer Electronics, RRG Engineering Technologies, Sharpline Automation, Shaurya Aeronautics, Shreegee Impex, Shreya Life Sciences, and Emstytech. Additionally, the U.S. State Department announced further actions against companies and individuals in multiple third countries, including several China-based firms that provide dual-use goods essential to Russia's defence capabilities.
In response to the sanctions, the MEA is actively "sensitising Indian companies on applicable export control regulations" to ensure they align with India’s non-proliferation policies. The MEA reaffirmed that India’s actions remain consistent with its longstanding commitment to non-proliferation and international security standards.
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