Tata Steel, one of India’s biggest steelmakers, said on Wednesday it had “made a conscious decision to stop doing business with Russia”.
Tata Steel is part of the Tata Group, one of India’s largest multinational conglomerates.
“We are also providing assistance for the retraining of displaced people and, as they move to other geographical areas, if they can work in some of our sites in Eastern Europe,” he added. .
As the United States continues to try to rallying the world behind crippling economic sanctions on Moscow, India has also not backed down on purchases of Russian energy oil or gas, defending its position by underscoring Europe’s continued dependence on imports from Russia.
US Secretary of State Antony Blinken said earlier this week that “India must make its own decisions on how it approaches” the Russian war in Ukraine.
The senior US diplomat noted that “India’s relationship with Russia has grown over decades, at a time when the United States was unable to be a partner of India.”
But “times have changed,” Blinken added, and the United States is “able and willing to be a partner of choice with India”.
— Manveena Suri in New Delhi contributed to this report.