The diplomatic engagement underscores India’s broader aim to sustain strong ties with the U.S., ensuring mutual understanding on complex issues
In response to recent U.S. sanctions targeting 19 Indian companies and two individuals, India has reaffirmed its commitment to maintaining compliance with international regulations, indianewsnetwork.com reported.
The U.S. sanctions, announced by the State Department, accuse these entities of allegedly supplying technology and materials to Russia, purportedly supporting its military operations in Ukraine. The Ministry of External Affairs (MEA) underscored India’s adherence to a robust legal framework, aimed at aligning with international standards and non-proliferation obligations.
MEA spokesperson Randhir Jaiswal stated, “India strictly follows its legal and regulatory framework on strategic trade and non-proliferation controls. We are active members of key multilateral export control regimes and implement UNSC sanctions, including Resolution 1540 on non-proliferation.” He further clarified that India is in ongoing discussions with U.S. authorities to address specific concerns, asserting that the transactions under scrutiny do not breach Indian laws.
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In parallel discussions, the MEA is also engaging with the U.S. on migration issues, following recent deportations of Indian nationals
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Jaiswal reiterated India’s commitment to cooperation, stating, “We maintain a regular dialogue on migration and mobility, seeking to facilitate legal pathways for migration while addressing illegal immigration.”
The sanctioned companies have expressed minimal concern about potential operational disruptions. Shreegee Impex Private Limited’s director, Praveen Tyagi, voiced surprise at the sanctions, remarking, “These measures won’t impact our business as we neither import from nor export to the U.S.” Rahul Kumar Singh, Director of TSMD Global, conveyed similar sentiments, explaining that his company’s focus on automobile and agricultural parts excludes U.S. trade. “Our business with Russia will proceed as usual,” Singh affirmed, signaling confidence despite the sanctions.
Economic experts view the sanctions as a likely geopolitical signal, rather than a substantive trade deterrent. Manoranjan Sharma, chief economist at Infomerics Ratings, remarked, “The timing could be an attempt to influence U.S. elections on November 5, sending a message to both nations without significantly impacting India or Russia economically.” Sharma emphasized the limited effect on India-U.S. relations, noting the broader context of ongoing dialogue about India’s policies on Sikh extremism and other bilateral concerns.
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