Russia built covert trade channel with India, leaks reveal (www.ft.com)
from Silverseren@fedia.io to world@lemmy.world on 05 Sep 2024 01:02
https://fedia.io/m/world@lemmy.world/t/1162457

Russia has been secretly acquiring sensitive goods in India and explored building facilities in the country to secure components for its war effort, according to Russian state correspondence seen by the Financial Times.

Moscow’s industry and trade ministry, which oversees defence production to support Vladimir Putin’s full-scale invasion of Ukraine, drew up confidential plans in October 2022 to spend about Rs82bn ($1bn at the time) on securing critical electronics through channels hidden from western governments.

The plan, revealed in letters to a shadowy trade promotion body with strong links to the Russian security services, aimed to use “significant reserves” of rupees amassed by Russian banks from booming oil sales to India. It saw India as an alternative market to source crucial goods “previously supplied from unfriendly countries”.

#india #russia #world

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MediaBiasFactChecker@lemmy.world on 05 Sep 2024 01:03 next collapse
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Deceptichum@quokk.au on 05 Sep 2024 01:10 next collapse

India is not a friend.

Oisteink@lemmy.world on 05 Sep 2024 06:21 collapse

Its not even the friend of indians

wurzelgummidge@lemmy.world on 05 Sep 2024 01:20 next collapse

Russian state correspondence seen by the Financial Times

So Rupert Murdoch’s gofers can read Cyrillic, eh?

AllNewTypeFace@leminal.space on 05 Sep 2024 09:18 collapse

You’re thinking of the Wall Street Journal. The FT is based in London and (IIRC) owned by Nikkei (who run the Tokyo stock exchange)

wurzelgummidge@lemmy.world on 05 Sep 2024 15:01 collapse

You are correct, my bad. But they are still shit

homesweethomeMrL@lemmy.world on 05 Sep 2024 01:41 next collapse

India is having problems.

Jozav@lemmy.world on 05 Sep 2024 02:01 collapse

India is a problem.

ALostInquirer@lemm.ee on 05 Sep 2024 01:53 next collapse

Covert? Isn’t India one of few countries consistently and unabashedly trading with Russia? Is this covert in the open secrets sense?

PugJesus@lemmy.world on 05 Sep 2024 02:12 next collapse

Unsurprising. India is taking advantage of the situation for all its worth, and, from a purely realpolitik standpoint, it’s hard to blame them.

SassyRamen@lemmy.world on 05 Sep 2024 02:45 collapse

No… it’s pretty easy

PugJesus@lemmy.world on 05 Sep 2024 02:48 next collapse

From a moral standpoint, you may find it easy to blame them.

partial_accumen@lemmy.world on 05 Sep 2024 22:42 collapse

No… it’s pretty easy

Look into some history of India, as a sovereign nation, and how they were treated by the West for most of the 20th century. The Soviet Union was a much needed friend to India when the rest of the West turned their back after the British were kicked out. I don’t blame India for some of the continued engagement with russia. However, Ukraine was also part of the nation (Soviet Union) that helped India, and I’m not seeing weigh positively for Ukraine. I say this as an American. The West (including the USA) has done some pretty messed up stuff to other nations in the 20th century.

Snowflake@sh.itjust.works on 06 Sep 2024 06:39 collapse

There was no India before and for half the 20th century. Britain really united all those separate kingdoms into what India is. The majority of indias exports were not to Russia in the 20th century. Russia accounted for around 15% - 20% of their exports at that time.

shoulderoforion@fedia.io on 05 Sep 2024 02:14 next collapse

If the fact that India was the lone superpower openly courting Russian Gas and Oil when the rest of the world was instituting restrictions, and getting a deep discount for it, didn't clue you in to India not playing onside, I don't know what would have

darki@lemmy.world on 05 Sep 2024 08:54 collapse

Scummy pos, all of those politicians responsible

RangerJosie@lemmy.world on 05 Sep 2024 02:42 next collapse

Cool? Good for them?

It’s almost like the world doesn’t revolve around the whims of the US and other independent nations can do whatever the fuck they want.

Oisteink@lemmy.world on 05 Sep 2024 06:21 collapse

Like Ukraine existing as an independent country? Why the fuck should the world revolve around their whims to do so

reddit_sux@lemmy.world on 05 Sep 2024 16:05 collapse

I am sure US has stopped using Israeli tech, Saudi Oil money.

Oisteink@lemmy.world on 05 Sep 2024 19:31 collapse

Im sure all the other kids gets to stay out late.

cheeseburger@lemmy.ca on 05 Sep 2024 18:13 collapse

Surprised pikachu face.jpg