The US and EU officials have urged Indian exporters to reassess their trade links with Russia to ensure compliance with international sanctions, reports indicate.
Indian firms have been briefed on sanctioned items and dual-use goods—products with both military and civilian applications.
Failure to comply with these sanctions may result in penalties, sources revealed.
“Recently, sanctions teams from the EU and US, comprising officials, met Indian industry representatives to educate them on 50 sanctioned items listed as high-priority and the measures required to prevent these from reaching the Russian battlefield,” a source disclosed.
Officials from the US Bureau of Industry and Security (BIS) and the Office of Foreign Assets Control (OFAC), alongside an EU delegation led by sanctions envoy David Sullivan, have visited India in recent months to issue these warnings, reports said.
This development follows sanctions imposed by the US government in October, targeting nearly 400 companies and individuals globally for ties with Russia’s military-industrial sector.
Among those sanctioned were 19 Indian firms, with two individuals accused of supplying electronic, engineering, and aviation components to Russia. The US Treasury Department has also imposed restrictions on “third-party countries” allegedly aiding Moscow in its Ukraine conflict.
India, despite mounting Western pressure, has maintained strong diplomatic and economic ties with Russia since the Ukraine invasion in 2022. Both nations have signed multi-billion-dollar trade and defence agreements in recent years, with bilateral trade reaching $66 billion.
Leaders from India and Russia aim to achieve $100 billion in trade by 2030.
This ambition, coupled with forecasts of India’s rapid economic growth, has heightened concerns among Western nations.
Follow us
