Brief by Shorts91 Newsdesk / 08:02am on 08 Sep 2024,Sunday India Global
Russia is reportedly acquiring sensitive goods from India using significant reserves of rupees stored in Indian banks, despite a Western embargo. According to leaked Russian state documents and unnamed officials, Moscow has secured critical electronics, including telecommunications equipment, for its war efforts in Ukraine. The Financial Times report highlights that Russia and India are trading in dual-use technologies, evading Western sanctions. Furthermore, Moscow has considered shifting manufacturing to India. The US has warned India of potential sanctions if its firms engage with Russia’s military-industrial complex amid ongoing geopolitical tensions.
