While announcing fresh sanctions against Moscow Thursday, US President Joe Biden said he is still in consultation with India on the Russia-Ukraine crisis.
Although there will be no footage of big marches to prove that not all Russians accept Putin’s aggression, no polls will show a boost to Putin’s popularity, either.
The US and European governments should exploit their greatest strategic advantage over Putin — their economic power — and cut Russia off from the global financial system.
The sanctions imposed by the West may not have an impact on the payments as transaction between the two countries are made in Indian rupees for both imports and exports.
Putin said he regrets Soviet Union’s demise & doesn't accept Europe’s post-Cold War security architecture. He sees himself on a mission to undo wrongs inflicted by Lenin’s Bolsheviks.
It's hard to assess the impact on India if the West introduces secondary sanctions on banks and corporations in China that continue to trade with Russia.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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