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US Treasury lifts sanctions on four Indian firms accused of aiding Russia's military

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The US Treasury has removed sanctions imposed on four Indian companies previously accused of supplying advanced technologies to the Russian military. The delisted firms are RRG Engineering Technologies and Lokesh Machines, both based in Hyderabad, Galaxy Bearings from Ahmedabad, and Shaurya Aeronautics from New Delhi. The move marks a notable shift in the US stance toward these companies, which had faced restrictions over alleged support to Russia's defence sector. However, the Treasury Department has not disclosed any specific reasons behind the decision to delist the four firms.

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US Treasury lifts sanctions on four Indian firms accused of aiding Russia's military · ShortSingh