The US was surprised by India’s refusal to impose sanctions against Russia and the decision to trade in rubles.
Asia Times writes about this.
“India has stunned the US by refusing to abandon its long-time ally Russia over the crisis in Ukraine. Instead of supporting US sanctions, the country has developed transfer and investment mechanisms in local currency for trading with Russia in rubles and rupees in the hope of investing surplus Russian revenues in the Indian corporate bond market,” the article says.
The columnist of the publication notes that the US actions in Afghanistan and Ukraine “convinced New Delhi that American friendship is like a powder keg that can explode at any moment.”
Smart India…
WtR