Russia & United States — Office of Foreign Assets Control

Russia: Russia is the country whose military-industrial base was the target of the sanctions, with the Indian companies accused of supplying technology and equipment to Russian entities.

United States — Office of Foreign Assets Control: The United States — Office of Foreign Assets Control (OFAC) is the US Department of the Treasury agency responsible for administering and enforcing economic and trade sanctions. OFAC announced the removal of the Indian companies from its Specially Designated Nationals and Blocked Persons (SDN) List.

Russia: Russia experienced a reduction in fossil fuel export revenues from India in December 2025, as India's imports decreased. This is a direct consequence of U.S. sanctions and a shift in buying patterns by major Indian refiners.

United States — Office of Foreign Assets Control: The U.S. United States — Office of Foreign Assets Control (OFAC) imposed sanctions on Russian oil producers like Rosneft and Lukoil, which directly caused Indian refiners to cut or halt imports from these entities.

United States — Office of Foreign Assets Control: The United States — Office of Foreign Assets Control issued warnings to financial institutions and ships regarding sanctions risks associated with importing Iranian oil and making 'toll' payments for passage through the Strait of Hormuz.