'In Touch With US To Clarify Issues, Indian Laws Not Violated': MEA On US Sanctions On Indian Entities

MEA spokesperson Randhir Jaiswal's reaction comes after the US imposed sanctions on 275 individuals and entities, including 15 from India, for allegedly supporting Russia’s military-industrial base.

By : ABP News Bureau | Updated at : 02 Nov 2024 04:42 PM (IST)

US has imposed sanctions on 15 Indian firms for allegedly supporting Russia’s military-industrial base. 
Source : US Embassy

Day after reports said that the US had imposed sanctions on Indian entities, the Ministry of External Affairs (MEA) on Saturday said that New Delhi is in touch with the US authorities to clarify the issues and is working with relevant departments and agencies to sensitise the Indian companies on export control provisions.

The MEA also said that the transactions and companies sanctioned by the US are not in violation of Indian laws and reiterated that India, being a member of three key multilateral non-proliferation export control regimes, has effectively implemented UNSC sanctions and resolutions on non-proliferation.

"India has a robust legal and regulatory framework on strategic trade and nonproliferation controls. We are also a member of three key multilateral non- proliferation export control regimes - the Wassenaar Arrangement, the Australia Group and the Missile Technology Control Regime, and have been effectively implementing relevant UNSC sanctions and UNSC resolution 1540 on non- proliferation," Ministry of External Affairs spokesperson Randhir Jaiswal said during a press briefing on Saturday. 

"Our understanding is that the sanctioned transactions and companies are not in violation of Indian laws. Nevertheless, in keeping with India's established non-proliferation credentials, we are working with all the relevant Indian departments and agencies to sensitise Indian companies on applicable export control provisions, as also inform them on new measures being implemented that could impact Indian companies in certain circumstances," Jaiswal added. 

He further said that regular strategic trade and export control outreach events are being carried out for Indian industries and stakeholders by the Indian government agencies. 

The MEA spokesperson's reaction comes after the US imposed sanctions on 275 individuals and entities, including 15 from India, for allegedly supporting Russia’s military-industrial base. 

Apart from India, companies from China, Switzerland, Thailand, and Turkiye have also been slapped with sanctions for supplying Russia with advanced technology and equipment.

“The United States and our allies will continue to take decisive action across the globe to stop the flow of critical tools and technologies that Russia needs to wage its illegal and immoral war against Ukraine,” Deputy Secretary of the Treasury Wally Adeyemo said. 

“As evidenced by today’s action, we are unyielding in our resolve to diminish and degrade Russia’s ability to equip its war machine and stop those seeking to aid their efforts through circumvention or evasion of our sanctions and export controls,” Adeyemo said. 

As per the list released by the Department of Treasury, the India-based companies are Abhar Technologies and Services Private Limited; Denvas Services Private Limited; Emsystech; Galaxy Bearings Ltd; Orbit Fintrade LLP; Innovio Ventures; KDG Engineering Private Limited; and Khushbu Honing Private Limited. 

Published at : 02 Nov 2024 04:22 PM (IST)
Tags :
Ministry Of External Affairs US RUSSIA Randhir Jaiswal

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