Ukraine President Zelenskyy, other European leaders and Canadian PM Justin Trudeau attend a press conference in Kyiv on February 24, 2025 after the “Support Ukraine” summit, marking the third anniversary of the Russian invasion.
| Photo Credit: AP
The European Union (EU) and the U.K. marked the third anniversary of Russia’s invasion of Ukraine with a slew of additional sanctions related to Moscow and those doing business with it. Indian entities are among those impacted by these measures. The move came as several Western heads of government, including European Commission President Ursula von der Leyen, visited Kyiv in a show of support for Ukraine.
The 16th package of EU sanctions included 83 individual listings — 48 people and 35 entities, who were subject to an asset freeze. EU sanctions included new criteria for owners or operators of Russia’s “shadow fleet” of ships or those benefitting from Russia’s military-industrial complex, an EU statement said. The bloc added 74 vessels to its sanctions list.
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Another 53 new entities , including one new Indian entity, were found “supporting the Russian military-industrial complex or engaged in sanctions circumvention” according to a document released by the EU. The other non-Russian entities had origins in China (including Hong Kong), Kazakhstan, UAE, Uzbekistan, Türkiye and Singapore.
Totally, there are four Indian companies listed for EU sanctions. One of them, Pratik Corporation, is new to the list, with sanctions commencing from February 25, 2025.
The company, with a registered office in Mumbai, makes products for automotive applications and “asset management services for industrial applications” as per its website.
The other three entities are Innovio Ventures (sanctioned June 25, 2024), Triac Electronics (sanctioned December 17, 2024),) and Si2 Microsystems Pvt Ltd (sanctioned February 23, 2024).
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“This new round of sanctions not only targets the Russian shadow fleet but those who support the operation of unsafe oil tankers, videogame controllers used to pilot drones, banks used to circumvent our sanctions, and propaganda outlets used to spout lies, said the EU’s top diplomat, Kaja Kallas.
“There is no doubt about who the aggressor is, who should pay and be held accountable for this war,” she said. The remark was presumably a response to U.S. President Donald Trump’s suggestion last week that Ukraine was responsible for the Russia-Ukraine conflict.
On Monday (February 24, 2025), the U.K. announced 107 new sanctions on Russian entities and those connected with Moscow. This included producers of dual-use goods for the Russian military, including microprocessors used in weapons systems. These entities are based in third countries including central Asian states, Türkiye, Thailand, India and China, the U.K. Foreign, Commonwealth and Development Office (FCDO) said.
Inussia Impex Private Limited, which is described as an “India-based company that has exported Common High Priority goods, including western-produced microelectronics, to Russia” is on the U.K.’s sanction list.
For the first time, the British sanctions also included non-Russian banks: the OJSC Keremet Bank in Kyrgyzstan. The U.K. expanded the list of sanctioned individuals whom in determined were connected to the Kremlin and benefitting from the Russia-Ukraine war.
Published – February 24, 2025 10:06 pm IST
