Explain the impact on India-Russia relations of the sanctions imposed by Western countries on Russia following the invasion of Ukraine, and discuss how India has balanced its position in this situation.
Answer:- Western sanctions on Russia following the Ukraine invasion have profoundly impacted India-Russia relations, creating both significant opportunities and severe challenges.
Economic Opportunities and Challenges
- Energy Windfall: Economically, India capitalized on the availability of discounted Russian crude oil, which skyrocketed to become its largest source, helping to curb domestic inflation.
- Payment Hurdles: However, this energy boom was hampered by formidable payment challenges. As Western financial sanctions crippled the SWIFT system, the much-touted Rupee-Rouble alternative floundered due to a significant trade imbalance, compelling a reluctant reliance on third-country currencies to sustain trade.
Strategic and Defence Implications
- Defence Partnership under Strain: ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
UPSC
- 1 Political apathy among citizens weakens democratic institutions and accountability. Discuss the ethical dimensions of political apathy and suggest measures to promote responsible civic participation.
- 2 Highlight the constitutional and legal provisions governing the Delimitation Commission in India and discuss why the upcoming delimitation exercise has raised concerns in southern states.
- 3 In India’s parliamentary structure, the Rajya Sabha is often considered a secondary chamber. Critically examine.
- 4 In the Indian parliamentary system, Department-Related Standing Committees (DRSCs) are often called 'mini-parliaments.' Examine.
- 5 The Small Island Developing States (SIDS) of the Indian Ocean are not only vulnerable regions but also strategic partners in India’s Indo-Pacific vision. Discuss.
- 6 Digital access has become the 'new gateway' to participatory democracy in India. In this context, how does the 2025 Supreme Court judgment declaring digital access as a fundamental right strengthen participatory democracy? Explain with suitable examples.
- 7 Mental health challenges among youth in India are not just personal struggles but indicators of systemic developmental gaps. Examine.
- 8 The concept of "Sponge Cities" is gaining attention in urban areas. Discuss this in the context of ecological stress caused by unplanned urbanisation in India.
- 9 In India, fertility rate has fallen below replacement level. Analyse the implications of this in the context of India’s demographic transition.
- 10 While regionalism in India has often served as a medium for cultural assertion and developmental demands, it can also pose challenges to national integration. Analyse.
