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US sanctions against Iran and Russia: RIL publication says government inaction makes Indian companies more vulnerable
Jan 08: Now that US sanctions are operational in Iran and the US, Indian companies will have to be extra sensitive when dealing with these countries
8What is to be feared are US guidelines for secondary sanctions. To illustrate, State A (sanctioning country) may prohibit trade or investment by X, a national of State C (third-party country), if it trades with State B (targeted country).
8An RIL publication now claims that Indian companies are more vulnerable than others because of lack of strong governmental counter measures.
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