Russia India Deals : Russia Warning India To Suspend Defense Energy Deal On FATF Black List Know All About Threat For India
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According to a Bloomberg report, Russia has threatened other countries, including India, to cancel defense and energy deals if they do not help it avoid FATF’s blacklist. FATF is an inter-governmental organization that sets standards to combat ‘illegal money’. Western countries are pressurizing FATF to include Russia in the black or gray list.
Russia’s threat, alarm bell
FATF suspended Russia from the membership of the body in February. Ukraine, on the other hand, is pushing for more sanctions on Russia. At present, there has been no response from India and Russia regarding this report, but Russia’s threat can prove to be a threat to India. If the relationship between the two countries sours, it can affect many projects.
What will be the loss to India?
If Russia joins the FATF, the cooperation between oil company Rosneft and Nayara Energy Limited will be affected. Exports of Russian arms and military equipment to India as well as technical cooperation in the defense sector may also be affected. Russian threat Russian proposal for new joint aviation project presented at Aero India 2023 exhibition in February RZD Logistics of Russian Railways on technology and energy cooperation at Kudankulam nuclear power plant in India and cargo transportation services linked to the development of the North-South Trading Corridor And pose a threat to the agreement between the Container Corporation of India.
It will be difficult for India to ignore
The war in Ukraine by the US and its allies has made Russia the most sanctioned country in the world. Western countries are pressurizing Russia to retreat through sanctions. But Moscow has mitigated the blow to its economy to a great extent by strengthening ties with countries like India and China. If Russia joins the FATF blacklist, it would be difficult for India to ignore it and continue trading with it as usual.
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