By bno Chennai bureau India, historically one of Russia’s largest military equipment buyers, is increasingly pivoting towards Western defence platforms. This shift comes amid supply chain delays from Russia,
Moscow wants India to join a coalition alongside its old adversaries, plus Iran – but New Delhi doesn’t seem all that keen.
India will be hit the hardest by the sanctions, more so than China which has also been snapping up Moscow's cheap oil, said analysts. The South Asian nation imports a significant 88% of its oil needs, with around 40% of that figure coming from Moscow.
India’s state refiners are rushing to speed up payments for Russian crude, hoping to complete their trades before a dramatic expansion of Washington’s curbs on Moscow’s oil industry effectively comes into force next month, people familiar with the ...
India has allowed Russian insurer Soglasie Insurance Company to provide marine cover to tankers entering Indian ports, according to Indian ship regulator's website, as New Delhi wants steady supply of cheaper Russian oil despite latest U.
India has pressed Russia for the immediate discharge and repatriation of Indian nationals recruited into the Russian military after a man from Kerala, Binil Babu, was killed, and
Last year, the central banks of India and Indonesia signed a memorandum of understanding on using local currencies for trade.
Russia is sending cargoes of sanctioned oil to India on tankers that have been blacklisted by the US Treasury — setting up an acid test of Moscow's ability to get around aggressive measures imposed by Washington earlier this month.
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The forced recruitment of Indians into the Russian army has been a point of tension between New Delhi and Moscow, even as the countries have expanded ties.
India's efforts to pare back a longstanding reliance on Russian military hardware is bearing fruit after the courting of new Western allies and a rapidly growing domestic arms industry, analysts say.