Russian arms sales to India stall due to fears over US sanctions

Russia's supplies of military equipment worth more than $2bn to India have been stalled for a year as the countries attempt to bypass US sanctions. India is unable to pay for the weapons in US dollars, while Russia will not accept payment in rupees. India has suggested Russia use the rupees for weapons sales to invest in Indian debt and capital markets, but Russia rejected the proposal.

from India News | Latest News Headlines & Live Updates from India - Times of India https://ift.tt/4aPfFDX
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