New Delhi (NVI): Aviazapchast PLC, a Russian company specializing in supplies and after-sales service of domestic aviation equipment, has denounced sanctions imposed on it by the US while maintaining that its trade with India won’t be affected as it has not violated non proliferation regime of Weapons of Mass Destruction (WMDs).
In a statement issued today, the company said that it is “completely baffled by the US Department of State decision of November 6, 2020, to impose sanctions on our company in connection with the alleged violation of the regime of non-proliferation of weapons of mass destruction (WMD).”
“This decision is devoid of any factual basis. It is inconsistent with the actual state of affairs, as well as contrary to the principles of fair competition and free trade, envisaged by the international law,” the company added.
While denying any wrongdoing, the Russian company also expressed confidence that the sanctions would be lifted once it was allowed an opportunity of fair hearing before the appropriate authority.
To recall, the US imposed sanctions against five firms in China and Russia over claims that they are promoting Iran’s missile program.
“At the very outset, the Aviazapchast PLC categorically and resolutely disputes the decision made by the US State Department. It should be noted that the Aviazapchast PLC has not been notified or provided with an opportunity to show cause against such harsh imposition. Thus, there were no chance to present its case before the relevant authorities. At present, the company is formulating a plan of action to contest the determination and is confident that the sanctions will be lifted once it is allowed an opportunity of fair hearing before the appropriate authority,” Aviazapchast said in a statement.
In a statement, the company also sought to assure its Indian partners of its continued business operations without any impediment as the above mentioned determination has no legal impact in India and sanctions imposed by the US does not have an extra-territorial application.
“Thus, it has no tangible ramifications in the Indian jurisdiction and does not affect trade between entities in the Republic of India and the Russian company in any manner,” the statement added.
-ARK
