Indian official: Russia suspends delivery of military equipment to India due to payment difficulties caused by US sanctions against Russia

[Indian official: Russia suspends delivery of military equipment to India due to payment difficulties caused by US sanctions on Russia]-Indian officials familiar with the matter revealed that because it is difficult for both sides to find means of payment that do not violate US sanctions, Russia has gradually stopped delivering military equipment to India. These officials say India has more than $2 billion in weapons payments that have been delayed for about a year. It has been revealed that Russia has stopped providing credit for about $10 billion in spare parts and two sets of Smur400 missile defense systems. Officials familiar with the matter said India was unable to pay its bills in dollars for fear of secondary sanctions, while Russia was reluctant to accept Indian rupees because of exchange rate fluctuations. (Bloomberg)