What is the reason for the uncertainty over India-Russia defence deals
The payment crisis has led to uncertainty over India-Russia defence deals.
- The payment crisis is one of the primary reasons for the uncertainty over India-Russia defence deals. Due to the sanctions imposed on Russia by the United States, payment mechanisms have been affected as they are primarily conducted in US dollars.
- India has been struggling to find a feasible way to make payments to Russia without violating the sanctions. This has caused delays and uncertainty in finalizing defense deals.
- The uncertainty over the payment methods has also impacted the signing of new defense contracts between India and Russia. Without a reliable payment mechanism, India is hesitant to finalize any new deals.
- The uncertainty over the defense deals is also a result of the changing geopolitical dynamics. India's deepening defense ties with other countries, such as the United States, may have an impact on its engagement with Russia.
- India is striving to achieve self-sufficiency in defense manufacturing and reduce its dependence on imports, which could also contribute to the uncertainty over defense deals with Russia.
Answered
a year ago