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Russia secretly trades with India for military components

Financial Times — September 4, 2024, 06:00 AM UTC

Summary: Leaked correspondence reveals Russia's covert trade channel with India, aimed at securing components for its military efforts in Ukraine. Moscow's plans, drawn up in October 2022, involved spending approximately Rs82 billion ($1 billion) to acquire critical electronics through undisclosed channels. The initiative targets dual-use technologies and seeks to utilize Russian banks' reserves from oil sales to India, circumventing Western export controls.

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Timeline:

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  3. [3.8]
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    5d 1h
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  4. [5.2]
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    5d 20h

    ScoresSource
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