403
Sorry!!
Error! We're sorry, but the page you were
looking for doesn't exist.
US, EU urge Indian exporters to comply with sanctions on Russia
(MENAFN) US and EU officials have called on Indian exporters to thoroughly review their trade activities with Russia to ensure alignment with Western sanctions, according to The Hindu Business Line.
Sources cited by the outlet revealed that Indian businesses have been briefed on items subject to sanctions, including components classified as dual-use goods—products with both civilian and military applications. The firms were cautioned that non-compliance could result in sanctions being extended to them.
“Recently, officials from the sanctions teams of both the US and the EU met with Indian industry representatives to explain the 50 sanctioned items listed as high-priority and the necessary measures to prevent these goods from reaching the Russian battlefield,” a source disclosed to the newspaper.
Representatives from the US Bureau of Industry and Security (BIS) and the Office of Foreign Assets Control (OFAC), along with an EU delegation led by sanctions envoy David Sullivan, have visited India in recent months to emphasize these warnings, the report published on Thursday stated.
Sources cited by the outlet revealed that Indian businesses have been briefed on items subject to sanctions, including components classified as dual-use goods—products with both civilian and military applications. The firms were cautioned that non-compliance could result in sanctions being extended to them.
“Recently, officials from the sanctions teams of both the US and the EU met with Indian industry representatives to explain the 50 sanctioned items listed as high-priority and the necessary measures to prevent these goods from reaching the Russian battlefield,” a source disclosed to the newspaper.
Representatives from the US Bureau of Industry and Security (BIS) and the Office of Foreign Assets Control (OFAC), along with an EU delegation led by sanctions envoy David Sullivan, have visited India in recent months to emphasize these warnings, the report published on Thursday stated.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
- Manuka Honey Market Report 2024, Industry Growth, Size, Share, Top Compan...
- Modular Kitchen Market 2024, Industry Growth, Share, Size, Key Players An...
- Acrylamide Production Cost Analysis Report: A Comprehensive Assessment Of...
- Fish Sauce Market 2024, Industry Trends, Growth, Demand And Analysis Repo...
- Australia Foreign Exchange Market Size, Growth, Industry Demand And Forec...
- Cold Pressed Oil Market Trends 2024, Leading Companies Share, Size And Fo...
- Pasta Sauce Market 2024, Industry Growth, Share, Size, Key Players Analys...
Comments
No comment