The European Union (EU) and the U.Okay. marked the third anniversary of Russia’s invasion of Ukraine with a slew of further sanctions associated to Moscow and people doing enterprise with it. Indian entities are amongst these impacted by these measures. The transfer got here as a number of Western heads of presidency, together with European Commission President Ursula von der Leyen, visited Kyiv in a present of assist for Ukraine.
The sixteenth package deal of EU sanctions included 83 particular person listings — 48 folks and 35 entities, who had been topic to an asset freeze. EU sanctions included new standards for homeowners or operators of Russia’s “shadow fleet” of ships or these benefitting from Russia’s military-industrial advanced, an EU assertion stated. The bloc added 74 vessels to its sanctions list.
Russia-Ukraine battle: Full protection
Another 53 new entities , together with one new Indian entity, had been discovered “supporting the Russian military-industrial complex or engaged in sanctions circumvention” in accordance to a doc launched by the EU. The different non-Russian entities had origins in China (together with Hong Kong), Kazakhstan, UAE, Uzbekistan, Türkiye and Singapore.
Totally, there are 4 Indian companies listed for EU sanctions. One of them, Pratik Corporation, is new to the list, with sanctions commencing from February 25, 2025.
The firm, with a registered workplace in Mumbai, makes merchandise for automotive purposes and “asset management services for industrial applications” as per its web site.
The different three entities are Innovio Ventures (sanctioned June 25, 2024), Triac Electronics (sanctioned December 17, 2024),) and Si2 Microsystems Pvt Ltd (sanctioned February 23, 2024).
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“This new round of sanctions not only targets the Russian shadow fleet but those who support the operation of unsafe oil tankers, videogame controllers used to pilot drones, banks used to circumvent our sanctions, and propaganda outlets used to spout lies, said the EU’s top diplomat, Kaja Kallas.
“There is no doubt about who the aggressor is, who should pay and be held accountable for this war,” she stated. The comment was presumably a response to U.S. President Donald Trump’s suggestion final week that Ukraine was liable for the Russia-Ukraine battle.
On Monday (February 24, 2025), the U.Okay. introduced 107 new sanctions on Russian entities and people related with Moscow. This included producers of dual-use items for the Russian army, together with microprocessors utilized in weapons techniques. These entities are primarily based in third international locations together with central Asian states, Türkiye, Thailand, India and China, the U.Okay. Foreign, Commonwealth and Development Office (FCDO) stated.
Inussia Impex Private Limited, which is described as an “India-based company that has exported Common High Priority goods, including western-produced microelectronics, to Russia” is on the U.Okay.’s sanction list.
For the primary time, the British sanctions additionally included non-Russian banks: the OJSC Keremet Bank in Kyrgyzstan. The U.Okay. expanded the list of sanctioned people whom in decided had been related to the Kremlin and benefitting from the Russia-Ukraine battle.
Published – February 24, 2025 10:06 pm IST
