Global Analysis from the European Perspective. Preparing for the world of tomorrow

India, facing sanctions for Russian arms deals, says it wants to pivot spending to the US

  • India, the world’s second-largest arms importer and fifth-largest economy, has inked the majority of its weapons deals with Russia.
  • Indian Ambassador Harsh Shringla says New Delhi wants to pivot its defense spending to the United States.
  • Countries like India, that heavily pursue arms deals with the Kremlin are subject to U.S. sanctions, under President Donald Trump’s “Countering America’s Adversaries Through Sanctions Act,” or CAATSA.

Source CNBC

GEFIRA provides in-depth and comprehensive analysis of and valuable insight into current events that investors, financial planners and politicians need to know to anticipate the world of tomorrow; it is intended for professional and non-professional readers.

Yearly subscription: 10 issues for €225/$250
Renewal: €160/$175

The Gefira bulletin is available in ENGLISH, GERMAN and SPANISH.