Indian company among 27 faces EU sanctions over dual-use exports to Russia

News Snapshot:

The European Union announced Friday that it is imposing sanctions on several foreign companies over allegations that they have exported dual-use goods to Russia that could be used in its war against Ukraine. A company registered in India along with others registered in Russia, China, Kazakhstan, Serbia, Thailand, Sri Lanka and Turkey are among those facing export restrictions under new European Union (EU) sanctions announced on Friday. The move comes as the EU commemorates the second anniversary of the Russia-Ukraine conflict, which falls on Saturday. The sanctions specifically focus on companies involved in producing electronic components, which the EU, comprising...