# Four Indian Firms Walk Free From Washington's Sanctions List as Trade Talks Gather Pace

> As trade deal negotiations pick up speed, the United States has quietly dropped four Indian companies from its sanctions list, firms that had been penalised over their business links with Russia.

**Type:** article · **Category:** Business · **Published:** 2026-07-01 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/business/rusa-se-rishton-para-lagi-pabndi-khatma-chara-bharatiya-knpaniyan-ameriki-blaikalista-se-bahara-3824 · **Language:** English
**Tags:** India US trade deal, US sanctions, SDN List, Lokesh Machines, OFAC, Russia Ukraine, Russian oil, Donald Trump tariff

Negotiations over an India-US trade deal have picked up serious momentum in recent days, and the warming ties between the two countries are increasingly visible. Against this backdrop, the United States has taken a notable step by lifting the restrictions placed on four Indian companies. What makes it interesting is that these firms were originally targeted precisely because of their business dealings with Russia. The decision is now being read as a meaningful relief for the economic relationship between the two nations.

The move came as the United States updated its SDN List, short for the Specially Designated Nationals list. The companies that benefited from this revision are RRG Engineering Technologies Private Limited, Lokesh Machines Limited, Shaurya Aeronautics Private Limited and Galaxy Bearings Limited.

## Why the sanctions were imposed
All of these firms had been placed on the list under Executive Order 14024. Back in 2024, OFAC imposed restrictions on 19 Indian companies and 2 individuals. The roots of the action trace back to 2022, when Russia attacked Ukraine and a wave of penalties was subsequently piled onto Moscow. The United States tightened the screws so that these restrictions could not be sidestepped in any way.

## Listed companies among those cleared
Of the four companies removed from the list, Galaxy Bearings Limited and Lokesh Machines Limited are both listed on the stock market. Lokesh Machines stands out because it works with several major global players. Its client roster features names such as John Deere and Cummins of the United States, Volvo of Sweden, and Honda and Suzuki of Japan.

Another firm taken off the list, RRG Engineering Technologies, is tied to India's aviation sector. Its chairman and managing director, G.M. Ganga Rao, was earlier part of a task force set up by the Ministry of Civil Aviation to promote drone, or UAV, technology.

After the earlier US action, the Indian government had said it was in touch with Washington and that talks were under way on the matter. It is also worth noting that the fresh OFAC list added only 9 companies, most of them based in Mexico, while four companies were dropped from it.

## A ban on Russian oil purchases too
Ever since the tariff push began, the United States has repeatedly gone after India over the Russia question. Donald Trump first slapped tariffs of up to 50 percent on India and later banned the purchase of Russian oil. That said, after tensions flared in the Middle East, the United States did grant India some leeway to keep buying Russian oil.

## What this means for you
- **Across India:** Lifting the sanctions clears the way for smoother India-US business ties, which could shape the trade deal as well as imports and exports.
- **For investors:** Shareholders of the listed firms Lokesh Machines and Galaxy Bearings may find this reassuring, since the international restrictions on these companies have now been removed.

## Questions & Answers

### 1. Which Indian companies has the US removed from its sanctions list?
RRG Engineering Technologies Private Limited, Lokesh Machines Limited, Shaurya Aeronautics Private Limited and Galaxy Bearings Limited have been taken off the list.

### 2. Why were these companies sanctioned in the first place?
They were placed on the sanctions list under Executive Order 14024 because of their business ties with Russia.

### 3. Which of these companies are listed on the stock market?
Galaxy Bearings Limited and Lokesh Machines Limited are both listed on the stock market.

### 4. Who are the clients of Lokesh Machines?
Its clients include John Deere and Cummins of the United States, Volvo of Sweden, and Honda and Suzuki of Japan.

### 5. How many Indian companies did OFAC sanction in 2024?
In 2024, OFAC imposed restrictions on 19 Indian companies and 2 individuals.

### 6. What did the US do regarding Russian oil purchases?
The US had banned the purchase of Russian oil, but after tensions rose in the Middle East it gave India some relief to keep buying it.

---
_TrendKia — Har trend, sabse pehle.. Machine-readable view; canonical HTML at the URL above._