... toughen the sanctions regime to achieve this if such actions are needed. New Delhi must thus work out how friendly U.S. policy is towards India, and how willing Washington is to allow India an independent foreign policy. The United States threatens India through financial sanctions to buy American weapons, forcing India to either disarm themselves in front of China or get into debt. This means that New Delhi needs to make a choice that will directly affect the future of the country’s military-technical cooperation with ...
... Designated Nationals and Blocked Persons List (
SDN
).
Especially the secondary sanctions pose a severe risk to the Russo-Indian arms trade. CAATSA imposes restrictions on banks that carry out operations with individuals and legal entities that are under sanctions.
By Indian law
, all foreign vendors of defense equipment need to furnish guarantees from designated Indian banks before bidding for any project. The Indian baking sector is very internationally active and enjoys strong links with American banks. Sanctions ...
On the potential impact of American sanctions on the Russia – India Arms Trade
The Russian Federation is the second largest supplier of weapons globally. In 2016, 21% of global arms sales were Russian. Between 2000 and 2016 Russia accounted for on average
25% of global exports
. During that period 30% of exports ...
