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The Economic Rationale for India to Maintain Ties with Sanctions-Afflicted Russia
Dec 18, 2023

The Economic Rationale for India to Maintain Ties with Sanctions-Afflicted Russia

Russia is now the world’s most heavily sanctioned country, with unprecedented punitive action targeting its energy exports, central bank, and other sectors. Given Russia’s economic resilience amid such economic restrictions and India’s dependence on Russia for its defence and energy requirements, this issue brief highlights the economic rationale for New Delhi to maintain existing trade ties with Moscow despite continued geopolitical pressu