Decision by the US Treasury lifts restrictions on four engineering and manufacturing firms previously accused of supporting Russia’s military-industrial supply chain
The United States has removed four Indian companies from its Russia-related sanctions list, lifting restrictions imposed in 2024 over allegations that they had supplied technology and industrial equipment to entities linked to Russia’s military-industrial sector. The move marks a significant development for the affected firms and could help restore their access to international business and financial transactions.
The companies removed from the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) Specially Designated Nationals (SDN) List are Hyderabad-based RRG Engineering Technologies Private Limited and Lokesh Machines Limited, Ahmedabad-based Galaxy Bearings Ltd, and New Delhi-based Shaurya Aeronautics Private Limited. Their names were deleted from the sanctions register following OFAC’s latest Russia-related designation updates.
The four firms had been sanctioned in October 2024 under Executive Order 14024, which targets individuals and entities accused of materially supporting Russia’s activities
At the time, US authorities alleged that RRG Engineering Technologies exported microelectronics to a sanctioned Russian company, Lokesh Machines supplied machine tools to Russian manufacturers, Galaxy Bearings exported dual-use industrial components, and Shaurya Aeronautics provided aviation and navigational equipment to Russian entities.
While OFAC has confirmed the companies’ removal from the SDN List, it has not publicly disclosed the reasons behind the decision. The delisting means US persons and companies are no longer prohibited from conducting business with these four firms solely because of their previous SDN designation, and assets blocked under those sanctions are no longer subject to the same restrictions.
The development comes amid improving trade engagement between India and the United States and follows sustained diplomatic engagement by New Delhi, which has consistently maintained that Indian businesses comply with international export-control obligations. However, several other Indian entities sanctioned in the same 2024 action remain on the US sanctions list, indicating that the latest decision applies only to the four companies that have now been delisted.
