India Plans Additional $2 Billion Of Exports To Sanctions-Hit Russia, Says Report
2 years, 8 months ago

India Plans Additional $2 Billion Of Exports To Sanctions-Hit Russia, Says Report

ABP News  

New Delhi: Amid the ongoing conflict between Ukraine and Russia, India is planning to boost shipments to Moscow by an additional $2 billion, quoting sources Bloomberg reported on Tuesday. According to the report, India is looking to export products supplied by countries who have stopped shipments after US and its allies imposed sanctions on Russia. India has come under severe criticism for lifting imports of oil to take advantage of a dip in prices after US, Europe, Australia, and Japan piled economic sanctions onto Russia in response to its war against Ukraine. US President Joe Biden on Monday conveyed Prime Minister Narendra Modi that the US stands ready to help India diversify its energy imports, which would make it less reliant on Russia.

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