Firms sanctioned by US have not violated any Indian laws, says MEA
, 4 news, 4 views
Three days after the United States sanctioned 19 Indian companies and two Indian citizens for allegedly helping Russia’s war on Ukraine, New Delhi said on Saturday that the firms had not violated any local laws.
However, the Centre is in touch with authorities in the United States “to clarify issues”, Ministry of External Affairs spokesperson Randhir Jaiswal said.
The 19 companies and two individuals were among nearly 400 entities and individuals who were sanctioned by the United States on October 30 as part of efforts to curtail Russia’s “ability to exploit the international financial system and generate revenue in furtherance of its war against Ukraine”, the US State Department said.