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According to Bloomberg, India has emerged as the second-largest supplier of military technology to Russia, following China.

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According to Bloomberg, India has emerged as the second-largest supplier of military technology to Russia, following China.

India has emerged as the second-largest supplier of dual-use technologies to Russia, following China. This information is reported by Bloomberg, citing American and European officials.

Deliveries from India include goods whose export to Russia is restricted, such as microchips, integrated circuits, and machinery. In April and May 2024, the export of these items exceeded $60 million, which is roughly double the amount from the previous months of this year. By July, exports surged to $95 million, with only China surpassing these figures.

A key factor in this increase has been the substantial stock of rupees accumulated by Russia from oil sales to India.

According to Bloomberg sources, export data indicates that nearly one-fifth of the technologies utilized by the Russian military-industrial complex are sourced from India.

Ukrainian representatives addressing this issue have received no response from their Indian counterparts, Bloomberg reports. The Indian Ministry of External Affairs declined to comment.

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On July 8, Narendra Modi arrived in Moscow for a two-day visit and met with Vladimir Putin. During the discussions, the war in Ukraine was among the topics addressed, as well as India’s potential role in future peace negotiations.

The Indian Prime Minister did not offer to act as a mediator in the talks but merely "exchanged views" with Putin, according to the Kremlin.

Following this, the Indian Prime Minister traveled to Austria. One of the main topics during his discussions with Austrian Chancellor Karl Nehammer was the Russian aggression against Ukraine.

In August, Modi visited Kyiv and told Ukrainian President Volodymyr Zelensky that he was "personally ready to play any role as a friend to help achieve peace." "India believes that both sides need to engage with each other to find a solution," explained Indian Foreign Minister Subrahmanyam Jaishankar at that time.