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MEA snubs US sanction on 19 firms over Russia links
The New Indian Express
|November 03, 2024
Says India has robust regulatory framework on strategic trade in place
TWO days after the US State Department sanctioned 19 Indian companies and two Indian citizens on allegations that they were supplying items to the Russian military, India said they have a robust regulatory framework in place.
"We have seen reports on US sanctions. India has a robust legal and regulatory framework on strategic trade and nonproliferation controls. We are also a member of three key multilateral non-proliferation export control regimes the Wassenaar Arrangement, the Australia Group and the Missile Technology Control Regime and have been effectively implementing relevant UNSC sanctions and UNSC resolution 1540 on non-proliferation," Ministry of External Affairs spokesperson Randhir Jaiswal said on Saturday.
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