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
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 before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
UPSC
- 1 ‘Empathy’ and ‘compassion’ are foundational values for addressing significant issues and for decision-making in administration. Suggest mechanisms through which these values can be developed in the civil services. Provide relevant examples.
- 2 An independent and robust social audit mechanism is essential for ensuring performance, accountability, and ethical conduct in the public service sector. Discuss.
- 3 "Ethics involves several key dimensions that are crucial for guiding the moral behaviour of individuals and organizations." Explain the key dimensions of ethics that influence human action. Discuss how these dimensions shape ethical decision-making.
- 4 Discuss how the lack of integrity and objectivity in civil servants can negatively impact the quality of governance.
- 5 "Attitude is not static; rather, it evolves with time and experiences.” Discuss.
- 6 Micro, Small and Medium Enterprises (MSMEs) play a significant role in India's economic development. Critically evaluate the importance of the MSME sector.
- 7 Discuss the multifaceted factors affecting resource mobilization in India, and discuss measures to enhance the efficiency and efficacy of the resource mobilization mechanism.
- 8 Vulnerability mapping is a critical tool for disaster risk reduction. Explain its components and methodologies. How can it be integrated with other spatial planning tools for effective disaster management?
- 9 "The integration of paramilitary forces with local law enforcement agencies is crucial for effective border management." Discuss.
- 10 Discuss how India's growing reliance on cloud computing services presents new cybersecurity challenges. Propose a comprehensive strategy to mitigate these risks.
- 11 "The Citizen's Charter movement was initiated to improve the quality of public services to meet the needs and expectations of the people, but it has not achieved the expected success." Review.
- 12 Explain the effectiveness of Conditional Cash Transfer (CCT) programs in India. Also, discuss the challenges and opportunities associated with these programs.
- 13 "Cooperative federalism in India is more of a rhetoric than a reality." Discuss this statement in the context of recent central policies affecting state autonomy.
- 14 "The evolution of the cabinet system in India has profoundly impacted parliamentary supremacy." Critically evaluate.
- 15 Examine the impact of sand mining on river ecosystems in India. What sustainable practices can be implemented to balance the demand for sand with environmental protection?
- 16 Evaluate the impact of globalization on consumer behaviour in India. How does this trend differ in urban and rural markets?
- 17 “The preservation of tribal cultures amidst modernization presents remarkable opportunities and challenges.” Comment.
- 18 Examine the impact of climate change on the migratory patterns of birds. How does this affect the ecosystem?
- 19 Despite facing serious challenges, the Ghadar Party played a notable role in India's revolutionary movement. Analyze.
