No evidence of Indian companies circumventing sanctions on Russia: US official
India Today
US Deputy Secretary of Treasury Wally Adeyemo said that there is no evidence to suggest that Indian companies are circumventing sanctions on Russia.
There is no evidence of Indian companies circumventing the US-led sanctions on Russia following the invasion of Ukraine, a senior Biden administration official said on Wednesday.
"I've seen no evidence of Indian companies circumventing sanctions that have been placed on Russia," US Deputy Secretary of Treasury Wally Adeyemo told reporters during a visit to IIT-Bombay here.
He added that companies around the world, including those in India, the US and Europe, are taking the sanctions seriously and implementing them as well.
The remarks come days after reports quoted RBI Deputy Governor Michael Patra as saying that the US is concerned over India being used to export fuel made from Russian crude in violation of sanctions imposed by Washington.
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According to Patra, transfers of Russian crude are taking place on the high seas and the ships come to a port in Gujarat, where the oil is refined and shipped to New York in the US itself.
Adeyemo, who began his three-day visit on Wednesday, said he will be discussing Russia and Ukraine, along with bilateral topics in his parleys with Indian officials.
