US de-lists four Indian companies sanctioned for aiding Russia's military base

In a significant move, the US Treasury has lifted sanctions on four Indian companies that were previously accused of supplying advanced technologies to the Russian military. The firms include RRG Engineering Technologies and Lokesh Machines from Hyderabad, Galaxy Bearings from Ahmedabad, and Shaurya Aeronautics from New Delhi. However, the US department has not provided specific reasons for their delisting.

By TOI BUSINESS DESK