US on Wednesday removed four Indian companies from its sanctions list, earlier accused of supplying advanced technology and equipment for Russia’s military-industrial base.The companies earlier sanctioned are
- Hyderabad-based
RRG Engineering Technologies Private Limited - Hyderabad-based Lokesh Machines Limited
- Ahmedabad-based Galaxy Bearings Ltd
- New Delhi-based Shaurya Aeronautics Private Limited.
They have been deleted from the Office of Foreign Assets Control’s (OFAC) Specially Designated Nationals and Blocked Persons (SDN) List, according to an update issued by the US Department of the Treasury on Tuesday, as reported by PTIGalaxy Bearings was sanctioned in October 2024 over allegations that it exported dozens of shipments of high-priority dual-use items, including roller bearings and roller assemblies, to Russian entities.Shaurya Aeronautics was sanctioned for allegedly supplying radar apparatus, radio navigational aid equipment, radio remote control apparatus and other electrical equipment to Russia.RRG Engineering Technologies had been accused of sending more than 100 shipments of microelectronics to Arteks Limited Company, a Russia-based entity on the SDN List.Lokesh Machines was accused of exporting dozens of shipments of machine tools to various Russian manufacturing companies.The US Department of the Treasury did not specify the reason for removing the four companies from the sanctions list.
