India has stopped Moscow from paying dollars for Russian weapons it sold to Delhi, amid fears of secondary sanctions. writes about it Bloomberg.
It was noted that the parties are looking for a payment mechanism that will be suitable for both parties and will not fall under US sanctions. A source said India’s transfer of more than $2 billion has been delayed for nearly a year. The Russian Federation has also stopped issuing about $10 billion in spare parts loans and the upcoming supply of S-400 systems.
The agency emphasizes that India is the largest importer of Russian weapons. It was stated that due to the fluctuation in the exchange rate, the Russian side was not in a hurry to accept payments in rupees for weapons. On the other hand, Delhi does not want to pay in rubles due to a possible negative exchange rate.
In February, Reuters WroteHe said the United States has showcased its most innovative fifth-generation F-35 fighter-bomber, along with the Rockwell B-1 Lancer supersonic bomber and Super Hornet fighter, for the first time at the Bangalore Air Show, in a bid to divert India’s attention. traditional military aircraft supplier from Russia.