New Delhi: The Arms deliveries done by Russia to India have been suffering from a big obstacle over the past few months. Both countries need help finding a payment method that won’t violate the US Sanctions. This has caused the Arms sales to be stopped for an extended period between these countries.
India has to pay more than 2 billion US dollars for the weapons, which have been stuck for over a year. Due to this reason, Russia has also stopped supplying weapons to our country, and 10 billion US dollars worth of spare parts, along with two S-400 missile defense system batteries, still need to be delivered. Russian weapons have played an essential role in the border fights India faces against Pakistan and China.
Unfortunately, the bill is not able to be set in US dollars. The Indian Government asked the Russian Government to use the payment in Indian rupees for Capital debt in India. But Vladimir Putin is not able to agree to this deal. The Indian officials said that the Dirham or euros would be great for payment, but they’ll result in more scrutiny from the US, leading to a higher price.
One official even said that the Russian Government could deduct the Weapons sale from the Indian imports, but this has not yet been approved. Russia is also looking for ways to solve this issue, as India gave Russia a 37 billion dollar trade surplus last year.