India, Russia Working On Roadmap To Circumvent New US Sanctions


India and Russia, with proposed defence projects worth over $12 billion hanging in balance, are working on a road map to get around the new US sanctions regime that seeks to deter countries from buying Russian weapon systems.

“There are ways to get around the new financial sanctions flowing out of the CAATSA (Countering America’s Adversaries through Sanction Act) enacted by US Congress. Consultations are in progress at several levels with the Russian government to devise a road map for it,” said a top government source on Monday.

The Indian security establishment is quite upset at the US state department’s move on April 6 to notify 39 Russian entities, including the state-controlled arms exporter Rosoboronexport, with which India does regular business. Any third party that conducts “significant transactions” with these 39 entities is liable for punitive sanctions under CAATSA. Read More…

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