Tribune News Service
New Delhi, December 11
Russian aerospace company Aviazapchast has said its sanctioning by the US State Department will not affect its dealing with Indian partners such as BrahMos, the Department of Space, Hindustan Aeronautics Limited and Bharat Dynamics Limited. The Ministry of External Affairs on Friday said it had no comments to offer on the issue.
The US State Department recently imposed sanctions on five Chinese and Russian companies, including Aviazapchast, for alleged violation of the regime for non-proliferation of weapons of mass destruction (WMD).
In a statement, Aviazapchast assured its Indian partners of continued business operations as the development “has no legal impact in India and the sanctions do not have an extra-territorial application”. “It has no tangible ramifications in the Indian jurisdiction and does not affect trade between entities in India and the company in any manner,” said a statement by its India office.