JRL NEWSWATCH: “India, Russia Seek to Skirt U.S. Sanctions Threat to Arms Deals” – Bloomberg/ Nc Bipindra, Evgenia Pismennaya

India map

“India and Russia have agreed on a new payment method through their national currencies for multi-billion-dollar defense deals … [seeking] to avoid risks created by the U.S. threat of sanctions and banking restrictions. … [and to] enable India to pay the first installment … for two warships … Russia is building for its navy …. Defense contracts will be settled in rubles and rupees under a payment agreement reached by Central Bank of Russia file photo[Russian and Indian] central banks …. [possibly] still be dependent on India winning agreement from … Trump not to impose sanctions …. Russia has faced an uphill struggle to maintain [defense] sales … which totaled $19 billion last year, partly because of U.S. sanctions …  threaten[ing] … Russian weapons [customers]. … applied … only once so far — against China — … [yet] cast[ing] a pall over Russia’s export business….”

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