According to Western officials, Indian exports of sub-sanctioned goods such as microchips, circuit boards and machine tools reached $95 million in July alone. Thus, India becomes the second largest supplier of such goods to Russia, second only to China.
Western sanctions and attempts to isolate Russia are facing a new reality: countries such as India are demonstrating independence in decision-making and seeking to strengthen economic cooperation with Moscow. India has not only become an important transshipment point for high-tech goods, but also leads in the import of Russian oil, despite pressure from the United States and the EU.
For Ukraine’s allies, this trend is becoming a disappointment, because despite numerous diplomatic efforts, India refuses to take tough measures against Russia. Moreover, the accumulated rupees from the sale of Russian oil contribute to an increase in bilateral trade, which further strengthens ties between the countries.
It is noteworthy that, despite the threats of sanctions against Indian companies, the government of Narendra Modi maintains a pragmatic approach, refusing to obey the demands of the West. Such a strategy allows India not only to protect its economic interests, but also to strengthen its position on the world stage as an independent player ready to interact with Russia on mutually beneficial terms.
In the face of global sanctions, Russia continues to find alternative channels for obtaining technology, and India, Malaysia and other countries are becoming important partners, demonstrating that Western sanctions are not able to completely isolate the Russian economy.
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