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The recent imposition of sanctions by the United States on 19 Indian companies and two individuals for alleged 'support' of Russia has sparked a diplomatic exchange between New Delhi and Washington. The Ministry of External Affairs (MEA) has asserted that the companies in question are not in violation of any Indian laws, while also acknowledging the need to sensitize Indian businesses about international export control provisions.
The MEA spokesperson, Randhir Jaiswal, stated that India is working with relevant departments and agencies to inform Indian companies about applicable export control measures and to highlight the potential impact of new sanctions on their operations. This proactive approach underscores India's commitment to upholding its non-proliferation credentials, a vital aspect of its foreign policy.
The US sanctions highlight the complexities of navigating international trade relations in the context of geopolitical tensions. While India has sought to maintain a neutral stance on the Russia-Ukraine conflict, its economic ties with both nations have presented challenges. The US sanctions demonstrate the potential for economic pressure to be applied on countries perceived as supporting Russia's actions.
The MEA's clarification suggests that India is seeking to manage its relationship with the US while also protecting its economic interests. The situation underscores the delicate balance that India faces in maintaining its strategic autonomy in a world increasingly characterized by competing power blocs. The response to the US sanctions also reflects India's efforts to strengthen its export control regime and to ensure that Indian companies are aware of the potential risks associated with international trade in a volatile global environment.