SOURCE: RAUNAK KUNDE / NEWS BEAT / IDRW.ORG.
Due to the banking system’s inability to clear payments for new equipment, the Indian Armed Forces have already hinted at low procurement plans for Russian-developed equipment for this fiscal year.
Economic sanctions imposed by the West on Russia’s banking system have resulted in payment gateways being blocked and the procurement of new equipment becoming more difficult. As a result, India is considering indigenizing Russian equipment and procuring Russian technology to advance its programme instead.
idrw.org has learned, all major Russian military equipment purchases may be put on hold or cancelled indefinitely, and India may instead opt for a joint venture or specific technology purchase to advance its programmes.
Contractual obligations require India to procure certain spares and components for its Su-30 and T-90 fleet from Russian suppliers, but because business is not as usual, India is now looking to procure them locally, even if it means foregoing such contractual obligations to keep its fleet in serviceable condition.
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