US sanctions 15 Indian cos for supporting Russia's military-industrial base

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US sanctions 15 Indian cos for supporting Russia's military-industrial base - Business Standard

Quick Summary:

Companies from China, Switzerland, Thailand, and Turkiye have also been slapped with sanctions for supplying Russia with advanced technology and equipment that it desperately needs to support its war machine, the Department of Treasury said in a statement on Thursday.

In addition to disrupting global evasion networks, this action also targets domestic Russian importers and producers of key inputs and other material for Russia's military-industrial base, the statement said.

The US has imposed sanctions on 275 individuals and entities, including 15 from India, for allegedly supporting Russia's military-industrial base.