• Delayed procurement: The payment crisis could result in delays in the procurement of defense equipment from Russia, as India may struggle to make timely payments.
• Impact on defense preparedness: Any delays in the procurement process could hinder India's efforts to modernize and strengthen its defense capabilities, potentially impacting its preparedness in the face of security threats.
• Diplomatic strain: The payment crisis may strain the diplomatic relations between India and Russia, as it creates a level of uncertainty and mistrust over defense deals.
• Possible diversification of suppliers: If the payment crisis persists, India may consider diversifying its defense suppliers, seeking alternatives to Russian equipment. This could impact the long-standing defense partnership between the two countries.
• Financial implications: India may incur additional costs due to delayed payments, such as penalties or increased prices for the defense equipment. This could strain India's defense budget and limit its capability to invest in other important areas.

Overall, the payment crisis on India-Russia defense deals can have far-reaching implications, affecting procurement timelines, diplomatic relations, defense preparedness, and financial aspects.