Indian firms targeted in US sanctions amid fresh crackdown on Russia

Switzerland is both a global financial hub and a key part of the international sanctions framework. It can and must do more to ensure its legal framework is not used for illicit financial activity."

Quote from US Ambassador Scott Miller

Wally Adeyemodeputy Treasury Secretary

We are unyielding in our resolve to diminish and degrade Russia's ability to equip its war machine and stop those seeking to aid their efforts through circumvention or evasion of our sanctions and export controls,

Adeyemo said in a statement

We will continue to use all the tools at our disposal to promote accountability for Russia's crimes,

he added

Alan Estevezindustry and Security

American products do not belong in the hands of those who prop up Russia's defense industrial base,

Commerce Department Under-Secretary for Industry and Security, Alan Estevez, said in a statement

Antony Blinkenu.S. Secretary of State

Building on the unprecedented measures we have already imposed in coordination with our allies and partners, the United States is today imposing sanctions on nearly 400 entities and individuals for enabling Russia's illegal war against Ukraine,

U.S. Secretary of State Antony Blinken said in a statement

The Department of State is targeting sanctions circumvention by parties in multiple third countries, several senior Russian Ministry of Defense officials and defense companies, and those that support the development of Russia's future energy production and exports,

he added

Wally Adeyemodeputy Treasury Secretary

The United States and our allies will continue to take decisive action across the globe to stop the flow of critical tools and technologies that Russia needs to wage its illegal and immoral war against Ukraine,

Deputy Treasury Secretary Wally Adeyemo said in the statement

This should send a serious message to both the governments and the private sectors of these countries that the U.S. government is committed to countering the evasion of our sanctions against Russia and to continue putting pressure on Russia to end its war in Ukraine,

the official, speaking on condition of anonymity, said

With India, we have been very direct and blunt with them about the concerns we have about what we see as sort of emerging trends in that country that we want to stop before they get too far down the road,

the official, speaking on condition of anonymity, said

That's over 13 times the next largest supplier,

the official said, which as of the end of 2023 was Turkey