Ukraine conflict: Indian company included in new EU sanctions on dual-use exports to Russia

An unidentified company registered in India has joined other companies registered in Russia, China, Kazakhstan, Serbia, Thailand, Sri Lanka and Turkey in facing export restrictions under the new European Union (EU) sanctions imposed on Friday.

The new package was announced to mark two years of the Russia-Ukraine conflict, the second anniversary of which falls on Saturday. Under the latest package of EU sanctions, companies making electronic components – which the 27-nation European bloc believes may have dual military and civilian uses – are among the foreign companies facing tougher sanctions. .

latest restrictions

The names of the companies are not yet public; They will later be published in the Official Journal of the EU. An official statement from the European Commission said, “Based on strong evidence from various sources, supported by trade and customs data, the package includes 27 Russian and third-country companies listed as entities linked to Russia’s military-industrial complex.” has been added.” “The EU will impose export restrictions on these companies in respect of dual-use goods and technology, as well as goods and technology that can contribute to the technological growth of Russia’s defense and security sector,” it added.

The package includes: 17 Russian companies that are involved in the development, production and supply of electronic components used specifically in connection with drone production; Four companies are registered in China and “one each in Kazakhstan, India, Serbia, Thailand, Sri Lanka and Turkey, also doing business in the field of electronic components, including EU-origin.” The latest sanctions are part of the 13th package of sanctions against Russia by the European bloc and focus on further limiting Russia’s access to military technologies such as drones and listing additional companies and individuals involved in Russia’s war effort.

‘A huge shock’

With the new package, the European Commission said the number of individual listings had risen to more than 2,000, “a major blow to those who enable Russia’s illegal war against Ukraine.” “This package further deepens our actions to prevent Russia from acquiring Western sensitive technologies for the Russian military. Unmanned aerial vehicles, or drones, have been at the center of Russia’s war against Ukraine. “This package thus specifically lists companies purchasing from Russia with key drone components and introduces certain regional restrictions to close loopholes and make drone warfare more complex,” it noted.

The package expands the list of advanced technology items that can contribute to Russia’s military and technological growth or the development of its defense and security sector. It combines components used for the development and production of drones, such as electric transformers, static converters and inductors found in drones, as well as aluminum capacitors that have military applications, such as in missiles and drones and aircraft. In communication systems for. And ship. The European Commission said, this will further weaken Russia’s military capabilities.

(with agency input)