India is the current chair of BRICS, the eleven-member organisation which includes Brazil, Russia, China, South Africa, Egypt, Ethiopia, Indonesia, the UAE, Iran and Saudi Arabia.
Latest salvo looks to further curtail Tehran’s ability to access international banks for routing oil payments. Iran faces multiple US sanctions under Trump’s ‘maximum pressure’ campaign.
The talks signal a deepening partnership between Beijing and Abu Dhabi that extends beyond trade into geopolitics and regional security. China has emerged as one of the UAE’s largest economic partners.
The financial assistance from the Gulf allies comes as Pakistan is set to repay a $3.5 billion loan from the United Arab Emirates by the end of April, following a request for immediate settlement.
Earlier this week, Pakistan Senator and former I&B minister Mushahid Hussain described the UAE as a 'helpless nation' after the latter asked Islamabad to repay a $3.5 billion loan.
Islamabad has about $12 billion in debt from friendly countries, mainly China, Saudi Arabia, and the UAE, which have kept extending the loans every year at maturity.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
With the United Arab Emirates declining further leniency amid escalating West Asia conflict, Pakistan is finally settling $3.5 bn debt—framing necessity as principle amid pressure.
This is the transcript of 'Cut The Clutter' Episode 1817, explaining how the UAE has been not just a collateral, but a primary target of Iran in the war in West Asia.
This special edition of Cut The Clutter, straight from the Siliguri corridor, details the strategic importance of the narrow strip of land in West Bengal, and how it’s a vital link connecting the Northeast to the rest of India.
We now live in a world order that will keep shifting. India must use this window. This also means we remain disciplined enough not to be knee-jerked into reacting to what Pakistan sees as its moment in the sun.
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