Summary of this article

Three India-based firms — Aerotrust Aviation, Ascend Aviation India, and Shree Enterprises — were included among 45 entities targeted by the EU for allegedly supporting Russia’s military-industrial complex.

The measures are aimed at increasing economic pressure on Russia over its invasion of Ukraine, focusing on entities that facilitate transfers of advanced technology and dual-use goods like CNC machine-tools, microelectronics, and UAVs.

The sanctioned companies will face tighter controls on exports of dual-use and defense-related items, while no official response from India has been reported so far.

Three India-based companies were among 45 entities sanctioned on Thursday by the European Union (EU) for allegedly supporting Russia’s military-industrial complex

See Full Page