Russia-Ukraine crisis fallout: US Prez Joe Biden will have to soon decide if India can get a waiver (from sanctions) for purchases of arms and military supplies from Russia, which are in violation of US sanctions on Moscow.
The Russian invasion of Ukraine has led to several harsh sanctions on Russia from various countries across the world. Similar sanctions were imposed when Russia had invaded Ukraine and annexed the Crimean peninsula in February-March 2014. One of the most significant sanctions was aimed at preventing the sale of Russian arms and ammunition to third-party countries, with the threat of sanctions on the buyer country.
For India, this is a critical issue as the country relies heavily on Russian military exports. Russia contributed 49 percent to India’s total military imports in 2020, according to data from the Stockholm International Peace Research Institute (SIPRI).
Now India faces a precarious situation as the country is at the risk of either facing sanctions from the US under CAATSA or cutting military supplies from Russia.