INDA - Indian Sanctions?
Looks like the US is going to be hitting another Russian "ally"- India. Easy short here if you missed out on the Ukraine/Russia directly related geopolitical play.
Biden weighing sanctions on India over Russian military stockpiles
"The Biden administration is weighing whether to impose sanctions against India over its stockpile of and reliance on Russian military equipment as part of the wide-ranging consequences the West is seeking to impose on Moscow over its invasion of Ukraine.
Donald Lu, the assistant secretary of state for South Asian affairs, on Thursday told lawmakers in a hearing that the administration is weighing how threatening India's historically close military relationship with Russia is to U.S. security.
“It’s a question we’re looking at very closely, as the administration is looking at the broader question over whether to apply sanctions under CAATSA or to waive those sanctions,” Lu said."
The Countering American Adversaries Through Sanctions Act (CAATSA), passed in 2017 in the wake of the Kremlin’s interference in U.S. elections, includes the authority to sanction transactions with Russian defense or intelligence sectors.
The law includes waiver authority for the president that was used for Turkey, an ally in the North Atlantic Treaty Organization, until December 2020 when the Trump administration imposed sanctions under CAATSA for Ankara’s purchase of the Russian S400 missile defense system.
In 2016, India was named a “Major Defense Partner” with the U.S., a unique designation that serves to elevate defense trade and technology. Defense contracts between the U.S. and India are said to amount to $20 billion since 2008.
India is also a member of the Quadrilateral Security Dialogue with the U.S., India, Japan and Australia, a grouping that focuses on countering China’s ambitions in the Indo-Pacific.
President Biden held a video call with Quad leaders on Thursday, according to the White House, “to discuss the war against Ukraine and its implications for the Indo-Pacific.”
Lu told lawmakers that the administration is “in the process of trying to understand whether defense technology that we are sharing with India today, can be adequately safeguarded given India’s historical relationship with Russia and its defense sales.”
“It is critical that with any partner, that the United States is able to assure itself that any defense technology we share is sufficiently protected,” he said."
Biden weighing sanctions on India over Russian military stockpiles
"The Biden administration is weighing whether to impose sanctions against India over its stockpile of and reliance on Russian military equipment as part of the wide-ranging consequences the West is seeking to impose on Moscow over its invasion of Ukraine.
Donald Lu, the assistant secretary of state for South Asian affairs, on Thursday told lawmakers in a hearing that the administration is weighing how threatening India's historically close military relationship with Russia is to U.S. security.
“It’s a question we’re looking at very closely, as the administration is looking at the broader question over whether to apply sanctions under CAATSA or to waive those sanctions,” Lu said."
The Countering American Adversaries Through Sanctions Act (CAATSA), passed in 2017 in the wake of the Kremlin’s interference in U.S. elections, includes the authority to sanction transactions with Russian defense or intelligence sectors.
The law includes waiver authority for the president that was used for Turkey, an ally in the North Atlantic Treaty Organization, until December 2020 when the Trump administration imposed sanctions under CAATSA for Ankara’s purchase of the Russian S400 missile defense system.
In 2016, India was named a “Major Defense Partner” with the U.S., a unique designation that serves to elevate defense trade and technology. Defense contracts between the U.S. and India are said to amount to $20 billion since 2008.
India is also a member of the Quadrilateral Security Dialogue with the U.S., India, Japan and Australia, a grouping that focuses on countering China’s ambitions in the Indo-Pacific.
President Biden held a video call with Quad leaders on Thursday, according to the White House, “to discuss the war against Ukraine and its implications for the Indo-Pacific.”
Lu told lawmakers that the administration is “in the process of trying to understand whether defense technology that we are sharing with India today, can be adequately safeguarded given India’s historical relationship with Russia and its defense sales.”
“It is critical that with any partner, that the United States is able to assure itself that any defense technology we share is sufficiently protected,” he said."
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