US lifts sanctions on four Indian companies linked to Russia-related measures
India, July 1 -- The United States department of the treasury has removed four Indian entities from its Specially Designated Nationals (SDN) List as part of its latest sanctions update.
The entities delisted are Hyderabad-based RRG Engineering Technologies Private Limited and Lokesh Machines Limited, Ahmedabad-based Galaxy Bearings Ltd, and Delhi-based Shaurya Aeronautics Private Limited.
All four had previously been designated under Executive Order 14024, which targets activities linked to Russia. The removals were announced alongside a broader update to the SDN List that included the addition of several individuals and entities connected to drug trafficking networks in Mexico.
In a statement, the treasury's office of Foreign Assets C...
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