Part 2. A Longstanding Friendship under Threat
... threat the State Bank of India put an immediate stop to all payments from April 7 causing almost the entire Russo-Indian arms trade to come to a grinding halt . Other Indian banks have also been forced to freeze their lines of credit to Russian arms companies. So far, the frozen assets total ... ... could rise to $2 billion in the coming months if the issue is not resolved. This can already lead to delays in the delivery of weapons under the existent contracts. For now, it remains unclear how strict the Americans will be. However, having seen the vast ...