..., which rose sharply a few years ago on the back of aggressive rhetoric by U.S. leaders, is dwindling.
Blessed Are the Peacemakers
On the one hand, India is benefiting from the conflict in Ukraine: never before has so much oil been injected into the Indian economy at such a low price. Moreover, Russian entrepreneurs, seeking to evade Western sanctions, are beginning to explore the Indian market, lugging knowledge, money and technology with them. The downsides, however, outweigh the upsides: entering the Russian market now is risky, transactions are difficult, and the need for constant political ...
Interview for Gateway House
Russia, the founding member of the Shanghai Cooperation Organisation (SCO), has been hit by Western sanctions on its energy exports and financial system. Still,
Ivan Timofeev
, Director ... ... Russian International Affairs Council, sees new opportunities to be seized. Deepening India-Russia business engagement is one, and the SCO as a constructive and accommodating... ... and we should not dismiss the long-term damage. A number of sectors in the Russian economy have suffered due to the unprecedented unilateral sanctions, like the financial...
... Gateway House Policy Brief
RIAC and Gateway House Policy Brief
The U.S. and its European allies have steadily increased economic sanctions on Russia since first imposing them in March 2014. The stated purpose of sanctions is to punish Russia for its involvement in Ukraine,... ....S. has no indigenous capacity.
This means individuals and businesses outside of the western alliance – including ones from India – now may face sanctions themselves if they don’t comply with the new rules.
As the economic battle wages, India is ...