US lifts sanctions on four Indian firms linked to Russia

The United States has removed four Indian companies from its sanctions list, lifting restrictions imposed nearly two years ago over allegations the firms supplied technology and equipment to support Russia's military-industrial sector. The action, announced by the U.S. Department of the Treasury on July 1, 2026, restores the companies' access to the U.S. financial system and international banking services.

The delisted firms are Hyderabad-based RRG Engineering Technologies Private Limited and Lokesh Machines Limited, Ahmedabad-based Galaxy Bearings Ltd., and New Delhi-based Shaurya Aeronautics Private Limited. They were originally sanctioned in October 2024 under Executive Order 14024, which targets entities accused of providing financial, material, or technological support to the Russian government. The sanctions were part of a broader U.S. pressure campaign following Russia's invasion of Ukraine.

According to the original allegations, Galaxy Bearings was accused of exporting dual-use items like roller bearings to Russian entities. Shaurya Aeronautics was said to have shipped radar and radio navigation equipment. RRG Engineering Technologies allegedly sent over 100 shipments of...