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US removes four Indian companies from Russia-related sanctions list

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US removes four Indian companies from Russia-related sanctions list

Summary

The United States has removed four Indian companies from its Russia-related sanctions list, offering relief to firms that had previously faced restrictions under measures targeting Russia. The move came as the US Department of the Treasury's Office of Foreign Assets Control (OFAC) updated its Specially Designated Nationals (SDN) List and released its latest quarterly report on licensing activities under the Trade Sanctions Reform and Export Enhancement Act (TSRA). The four companies removed from the SDN List are Hyderabad-based RRG Engineering Technologies Private Limited, Hyderabad-based Lokesh Machines Limited, Ahmedabad-based Galaxy Bearings Ltd, and Delhi-based Shaurya Aeronautics Private Limited. All four had been designated under Executive Order 14024, which forms part of the US sanctions framework related to Russia. Their removal means the companies are no longer subject to the specific US sanctions imposed under that programme. OFAC did not specify the reasons for the delisting. At the same time, the US expanded sanctions targeting alleged members and associates of Mexico's Jalisco New Generation Cartel (CJNG). Two Mexican nationals — Oscar Guillermo Juraidini Silva and J. Refugio Ruiz Villagomez — were added to the SDN List under counterterrorism authorities and Executive Order 14059, which targets foreign persons involved in the global illicit drug trade. While the removal of the four Indian firms marks a significant development for the affected companies, the US also demonstrated its continued focus on expanding sanctions against entities allegedly linked to transnational criminal organisations.

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Months after he sent a harsh email to ICE, agents tracked him to his home and a hotel

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Immigration2h ago

Call to suspend new EU border system in peak holiday period as planes leave half full

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US removes four Indian companies from Russia-related sanctions list

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