Reported 30 days ago
Shreya Life Sciences, a pharmaceutical company based in Mumbai, has been identified as a key player in exporting advanced technology, including Nvidia AI chips, to Russia. Despite US and EU sanctions aimed at restricting Russia's access to dual-use technology, Shreya shipped over 1,100 high-end Dell servers equipped with Nvidia's H100 chips to Russia, valued at $300 million. While India's government has not enforced the same sanctions, the growing role of Indian firms as intermediaries has raised alarm among western officials, highlighting loopholes in sanctions enforcement. Shreya, with historical ties to Russian markets, has expanded its operations to include technology shipments, further complicating the geopolitical landscape.
Source: YAHOO