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Indian firms secretly funneled AMD, Nvidia AI GPUs to Russia — sanctions reportedly skirted on hundreds of millions of dollars of hardware

Circumventing of Western sanctions against Russia.

Despite multiple attempts to seek comments from Malaysian officials regarding the exports, neither Malaysia’s Investment, Trade and Industry Ministry nor the Prime Minister’s Office provided a response to Bloomberg. Main Chain, the primary recipient of Shreya's exports, was registered in Russia in January 2023 and is headed by Anastasia Obukhova, who previously ran small tourism companies. However, India's stance remains unchanged, as Prime Minister Narendra Modi’s government continues to prioritize its economic and military ties with Russia, particularly in the context of discounted Russian oil imports.

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