The U.S. recently sanctioned 398 companies, including some in India, for allegedly aiding Russia’s war effort against Ukraine. This move signals a warning to businesses globally, emphasizing that even indirect support for Russia’s military activities will face severe penalties. The sanctions restrict these companies’ access to U.S. financial systems, posing economic challenges and increasing diplomatic tension for countries attempting to balance ties with both the U.S. and Russia. The U.S. has expanded sanctions beyond Russia, targeting Chinese and Belarusian entities and individuals for allegedly supporting Russia’s military or helping…
US Sanctions Indian Firms for Supporting Russia
