India doubles technology supplies to Russia amid sanctions — Bloomberg
India has significantly increased the supply of sub-sanctioned technologies to Russia, doubling the volume of exports of microchips, microchips and machine tools. In April and May 2024, supplies exceeded $60 million, which is due to Russia's accumulated reserves of rupees from oil sales. About 20% of the banned technologies for the Russian military-industrial complex come through India.
India continues to increase the supply of sub-sanctioned technologies to Russia. According to Bloomberg data, in April and May 2024, shipments of microchips, chips and machine tools from India exceeded $60 million, which is twice as much as in previous periods. The main reason was Russia's accumulation of Indian rupees as a result of oil sales, which are now used to purchase the necessary technologies. It is important to note that about 20% of the banned technologies entering the Russian military-industrial complex pass through India.
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