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

“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 […]
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