Russian arms sales to India stall due to fears over US sanctions ...Middle East

Russia's supplies of military equipment worth more than $2bn to India have been stalled for a year as the countries attempt to bypass US sanctions. India is unable to pay for the weapons in US dollars, while Russia will not accept payment in rupees. India has suggested Russia use the rupees for weapons sales to invest in Indian debt and capital markets, but Russia rejected the proposal.

Hence then, the article about russian arms sales to india stall due to fears over us sanctions was published today ( Friday 21/04/2023 - 08:00 PM ) and is available on The Times of India ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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