New Agenda of Russia-India Relations

... rate, jumping from $12 billion to $65 billion in two years, with crude oil accounting for the lion’s share of this growth. Initially, Western countries tried to cut off this flow, but Russian big business demonstrated a phenomenal ability to dodge sanctions: they used shell or fly-by-night companies in third countries and shadow fleets, along with other tricks. Indian big business provided much help in establishing bypass routes. In the end, this strategy bore fruit: Western political and economic ...