October 16, 2024
Bloomberg: India has become the second largest supplier of sanctioned technology to Russia thumbnail
UKRAINIAN NEWS

Bloomberg: India has become the second largest supplier of sanctioned technology to Russia

According to the indicator of exports to the Russian Federation of critical goods subject to restrictions, India is overtaken only by China”, — write: www.radiosvoboda.org

India has increased its export of critical technologies subject to sanctions to Russia, according to the American publication Bloomberg, citing officials from the Russian Federation, the United States and Europe, who wished to remain unnamed.

According to their data, Indian exports of restricted goods (including microchips, microcircuits and machine tools) to Russia exceeded $60 million each month in April and May. This is twice as much as in the previous months of this year. Already in July, this amount reached 95 million. Currently, only China surpasses India on this indicator.

Bloomberg’s interlocutors say that the Indian authorities are almost unresponsive to appeals on the issue. India’s Ministry of External Affairs declined to comment on the matter.

Read also: Why are Western chips still feeding the Russian war machine? US manufacturers testified before the Senate

“The latest data show that almost a fifth of all sensitive technologies that enter the Russian military-industrial complex come through India,” the publication writes, citing officials.

Bloomberg quoted a US State Department official as saying on Friday that the department would again raise concerns with Indian government officials and companies.

India’s role in supplying such goods poses an additional problem, as US and EU policymakers want to maintain a partnership with Prime Minister Narendra Modi’s government, despite its ties to Putin. India has also become a major buyer of Russian oil, despite efforts by allies to limit sales.

Read also: The EU explained why Russian missiles and drones still have Western components

Kyiv regularly points out that the weapons used by Russia against Ukraine still contain Western components, despite the sanctions of European and American countries.

By 2023, the Russian Federation was able to import high-tech chips of American and European production worth 1 billion 700 million dollars, reported the American publication Bloomberg with reference to Russian customs statistics.

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