11:44 - 25.07.2024
July 25, Fineko/abc.az. The U.S. Treasury Department has warned Indian banks that Washington may impose sanctions against them for alleged interaction with the Russian military-industrial complex, ABC.AZ reports, referring to Reuters news agency.
The journalists got acquainted with the letter sent to the Banking Association of India by the First Deputy Minister of Finance of the U.S., Wally Adeyemo.
"We are aware that the Russian military relies on imports of essential goods, including machine tools and microelectronics, and they turn to foreign financial institutions to get support in carrying out these transactions," it is informed.
that Indian banks should take measures within 30 days to inform the country's business about the anti-Russian restrictions of the U.S.
