Economy U.S. sanctions on Russian military exports could hurt countries including India Updated : April 24, 2018 09:14 AM IST American allies who buy weapons and equipment from Russia, the world's second-largest arms exporter, could suffer. The law is designed to punish Russian President Vladimir Putin. Russian hardware represented 62 percent of India's total weapons imports during the past five years. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.