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Russia plans covert trade with India for war electronics

Financial Times — September 4, 2024, 07:00 AM UTC

Summary: Leaked documents reveal Russia's covert plan to spend approximately Rs82 billion ($1 billion) on sensitive electronics from India to support its war effort in Ukraine. The initiative, initiated in October 2022, aims to utilize rupees from oil sales to acquire dual-use technologies, circumventing Western sanctions. Total trade between Russia and India reached a record $66 billion in the 2023-24 financial year, significantly increasing post-invasion.

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Timeline:

  1. [2.0]
    Russia vital for India's energy and food security, envoy says (rt.com)
    4d 14h
    Source
  2. [4.4]
    Russia invites India, China to join maritime logistics hub (timesofindia.indiatimes.com)
    4d 19h
    Source
  3. [3.8]
    India allegedly aiding Russia with covert electronics trade (timesofindia.indiatimes.com)
    5d 2h
    Source
  4. [5.4]
    Russia secretly trades with India for military components (Financial Times)
    5d 22h

    ScoresSource
  5. [4.8]
    India and Russia strengthen economic ties, targeting $100 billion trade (economictimes.indiatimes.com)
    6d 15h
    Source
  6. [1.5]
    India explores Russian SWIFT alternative for trade settlements (rt.com)
    6d 16h
    Source
  7. [3.7]
    India and Russia to discuss joint shipbuilding projects (economictimes.indiatimes.com)
    7d 3h
    Source
  8. [3.5]
    Sberbank reports booming India business amid Western sanctions (sg.news.yahoo.com)
    7d 3h
    Source
  9. [1.8]
    India's refined oil exports to Europe surge 2,500% (rt.com)
    7d 14h
    Source
  10. [4.1]
    Russia explores alternative payment systems amid Western sanctions (Business Insider)
    8d 0h
    Source
  11. [3.7]
    India's trade surplus with 151 countries in 2024 (livemint.com)
    8d 17h
    Source