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"ofac"

  • US removes four Indian firms from sanctions list

    The United States has removed four Indian companies from its sanctions list, previously accused of supplying advanced technology and equipment to Russia’s military-industrial base. The firms — Hyderabad’s RRG Engineering Technologies and Lokesh Machines, Ahmedabad’s Galaxy Bearings, and New Delhi’s Shaurya Aeronautics — were de-listed from the Office of Foreign Assets Control’s Specially Designated Nationals list.
  • Adani resolves OFAC sanctions case with USD 275 million settlement

    **Excerpt:** Adani Enterprises has agreed to pay a $275 million civil penalty to the U.S. Treasury's OFAC to settle potential liabilities over the inadvertent import of Iranian LPG through a Dubai-based middleman.

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