America’s Cold War confrontation with Russia seriously affected our relations with Washington. Ironically, after the Soviet Union’s collapse and the grip the US acquired on Russia’s governance under the Boris Yeltsin regime, difficulties developed in India-Russia ties. Today, with anti-Russian sentiment in the US reaching uncontrolled proportions, India is once again feeling the heat.
The core of the problem is the extra-territorial application of US laws.
India is not responsible for the steady collapse of US-Russia ties, yet India is exposed to penalties because of America’s decision to punish Russia with increasingly stringent sanctions for its alleged misdeeds.
Because America has a grip on the global financial system, even when countries complain that the extra-territorial application of US laws is contrary to international law and infringes on their sovereignty and independence, in practice they are careful about violating US sanctions. Read More