US de-lists four Indian companies sanctioned for aiding Russia's military base

🇮🇳 The Times of India (IN) —
US de-lists four Indian companies sanctioned for aiding Russia's military base

AI Summary

The US Treasury has removed sanctions on four Indian companies previously accused of supplying advanced tech to the Russian military base. Companies from Hyderabad, Ahmedabad, and New Delhi were delisted without specific justification provided by the US authorities.

In a significant move, the US Treasury has lifted sanctions on four Indian companies that were previously accused of supplying advanced technologies to the Russian military. The firms include RRG Engineering Technologies and Lokesh Machines from Hyderabad, Galaxy Bearings from Ahmedabad, and Shaurya Aeronautics from New Delhi. However, the US department has not provided specific reasons for their delisting.

World Security Conflict Politics Markets Deals AI & Tech US Treasury Indian companies sanctions lifted Russia military technology delisting

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