Russia is actively using its financial resources to circumvent Western sanctions, in particular by purchasing sensitive dual-use electronics from India. These purchases are being made using significant amounts of Indian rupees that Russian banks have accumulated thanks to increased oil exports to India.
This was reported by URA- Inform, citing the ISW report.
According to the Institute for the Study of War, Russian authorities have developed a strategy that will see them spend nearly $1 billion to protect critical electronic components. The plan included building facilities in India to access to these components.
The situation also shows that foreign companies and banks, including Chinese ones, are now more cautious in dealing with Russian entities due to fear of secondary Western sanctions. Thus, Russia is actively looking for ways to circumvent international sanctions and strengthens its ties with countries such as India, Serbia and China.
Despite the problems with sanctions, it is also reported that the Kursk region will become a powerful trump card for Ukraine: an expert explained how it can be used.