The European Union has tarreceiveed 45 entities, including three companies based in India, with sanctions due to allegations of supporting the Russian military. The measures are aimed at increasing economic pressure on Russia amidst its ongoing invasion of Ukraine and represent the EU’s 19th sanctions package.
A statement from the European Council indicates that these entities are believed to be aiding Russia’s military and industrial complex by circumventing export restrictions on technologies such as CNC machine tools, microelectronics, and UAVs. Consequently, these entities face tightened export restrictions on dual-apply goods.
In addition to the Indian companies, 17 of the sanctioned entities operate in non-Russian third countries, with 12 in China, including Hong Kong, and 2 in Thailand. The Indian firms named are Aerotrust Aviation Private Limited, Ascfinish Aviation India Private Limited, and Shree Enterprises.
(With inputs from agencies.)
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