The United States removes four Indian companies from its Russia-related sanctions list, according to multiple reports. The companies are struck from the U.S. Treasury’s Office of Foreign Assets Control (OFAC) Specially Designated Nationals and Blocked Persons (SDN) List. Sources also state that the firms had previously been designated under Executive Order 14024, which is used to target entities linked to Russia’s military-industrial sector. One outlet reports that Washington’s earlier allegations said the companies provided financial, material, or technological support to the Russian government. With their removal from the SDN list, the designations are no longer in effect under that mechanism, meaning the companies are no longer listed as blocked entities in relation to the prior Russia-linked sanctions action. The reports do not provide additional details on the reasons for lifting the designations or whether the companies addressed the underlying concerns, but they consistently describe the action as a reversal of the earlier OFAC listings tied to Executive Order 14024.
US removes four Indian companies from Russia-related sanctions list
The United States removes four Indian companies from its Russia-related sanctions list, according to multiple reports. The companies are struck from the U.S. Treasury’s Office of Foreign Assets Contro...
- The US Treasury’s OFAC removes four Indian companies from its SDN (Specially Designated Nationals and Blocked Persons) list.
- The companies had been previously designated under Executive Order 14024.
- Executive Order 14024 is used to target entities linked to Russia’s military-industrial sector.
- At least one report says the US previously alleged the firms provided financial, material, or technological support to the Russian government.
- The removal is presented as a reversal of earlier restrictions related to Russia-linked trade or support concerns.
In 2024, Washington had alleged that the firms provided financial, material or technological support to the Russian government.
3 months agoAll four entities had earlier been designated under Executive Order 14024, which targets entities linked to Russia's military-industrial sector, and have now been struck off OFAC's Specially...
3 months agoAll four entities had earlier been designated under Executive Order 14024, which targets entities linked to Russia's military-industrial sector, and have now been struck off OFAC's Specially Designated Nationals (SDN) list.
3 months agoThe companies have been deleted from the Office of Foreign Assets Control's (OFAC) Specially Designated Nationals and Blocked Persons (SDN) List
3 months agoUS removes four Indian companies from Russiarelated sanctions list
3 months agoThe companies have been deleted from the Office of Foreign Assets Control's (OFAC) Specially Designated Nationals and Blocked Persons (SDN) List
3 months ago
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