Foreign Ministry's statement, ongoing talks with US officials on the issue of ban on Indian companies

New Delhi : Recently, alleged support of some Indian companies to Russia's military-industrial establishment has come to light. Regarding which the American government is in action mode. In this series, news of banning some Indian companies by the American government is coming out. India's Foreign Ministry has also said to present its stand on this issue. On Saturday, the Ministry of External Affairs has said that from New Delhi the Ministry of External Affairs is in touch with Washington to give clarification on these issues.

Foreign Ministry spokesperson Randhir Jaiswal, in response to a question during the weekly press conference, also said that India has a strong legal and regulatory framework on strategic trade and non-proliferation control. He has said that we are also members of 3 major multilateral non-proliferation export control arrangements.

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Indian companies affected

Jaiswal said that in keeping with India's established non-proliferation credentials, we are working with all relevant departments and agencies to sensitize Indian companies about the export control provisions in place and educate them about the new measures being implemented. are also informed about, which may affect Indian companies under certain circumstances.

Indian companies banned

The US has imposed sanctions on 275 individuals and companies, including 15 from India, for allegedly supporting Russia's military-industrial establishment. The US Treasury Department said in a statement on Thursday that companies from China, Switzerland, Thailand and Turkey have also been banned for supplying advanced technology and equipment to Russia.

In contact with American officer

In addition to disrupting global piracy networks, the action also targets domestic Russian importers and producers of key commodities and other materials for Russia's military-industrial base, the statement said. Jaiswal said on Saturday that we have seen reports related to the American ban. He has said that we are also in touch with the American officer to clarify the issues.”

(with agency input)