Putin beordrar styrkor att gå in i Ukraina - INVASION NU (2022-02-24)

The strikes also aim to damage a lucrative industry that has not been badly hampered by the West's economic sanctions.
Lapenko told The Times that Moscow had made more than $400 billion from oil exports since the war started in February 2022.

India is seeking to distance itself from its largest arms supplier after Russia's ability to supply munitions and spares was hobbled by the war in Ukraine, but must step carefully to avoid pushing Moscow closer to China, Indian sources said.
The world's biggest arms importer is slowly turning West as the United States looks to strengthen ties in the Indo-Pacific region, hoping to contain an ascendant China by weaning the South Asian nation off a traditional dependence on Russia.
Russia supplied 65% of India's weapons purchases of more than $60 billion during the last two decades, according to the Stockholm International Peace Research Institute, but the Ukraine war hastened the impetus to diversify its weapons base.
"We are not likely to sign any major military deal with Russia," said Nandan Unnikrishnan, a Russia expert at New Delhi think tank the Observer Research Foundation. "That would be a red line for Washington."

Another unresolved issue is the huge amounts of Indian Rupees, which Russia has accumulated from the oil and gas sales. India pays only with its own currency which is not freely convertible and is stored in Indian banks. India's restrictions over capital flows make it impossible to transmit the money back to Russia. In fact, 1 billion USD in Rupees come each month on top of the pile which are vastly useless for Moscow, while India makes a huge profit on the world market.

India offered that the money is invested in Indian infrastructure where Russian construction companies can participate, but that would contribute nothing to Russia's short term needs and even less to Russia's war industry. India has Moscow completely where it wants it to be. Hence, it is only understandable that India keeps that Russian oil inflow intact and pretends to have "good ties".

Reuters: 14 tankers with oil from the Russian Federation have been waiting for shipment from India for several weeks. All because of problems with payment - the Indian side refuses to pay for oil in dollars for fear of falling under US sanctions. They offer to pay in rupees, which the Russian side no longer agrees to.