Study The Impact of Sanctions: The government is assessing the economic impact of international sanctions on Russia on India. For this, an inter-ministerial group has been constituted under the leadership of the Finance Ministry. The Ministry of External Affairs spokesperson said that India’s effort is to maintain stability in India’s trade with Russia and there should be no effect of sanctions. Let us tell you that Russia has reduced its imports amid the ongoing tension with Western countries and the ongoing dispute over Ukraine issue. In such a situation, its business with India has also been affected. India and Russia have set a target of taking bilateral trade to $30 billion by 2025. Along with this, it has also been decided to increase the investment to $ 50 billion.
Assessment of the impact of sanctions on Russia on India
Many countries including America have imposed sanctions on Russia