US warns India not to help Russia undermine dollar — Analysis

Washington’s point man on anti-Russia sanctions warned India against deeper cooperation with Moscow

Top US security officials have called for India to cut back on its military and economic ties with Russia. “consequences”For any country that assists Moscow in avoiding a new wave of Western sanctions. 

Speaking to reporters after meeting with Indian officials on Thursday, Washington’s deputy national security adviser for international economics Daleep Singh urged New Delhi not to boost Russian energy imports, and to avoid any moves that might “undermine”The US Dollar 

“What we would not like to see is a rapid acceleration of India’s imports from Russia as it relates to energy or any other any other exports that are currently being prohibited by the US,”He added that the United States was “very keen for all countries, especially our allies and partners, not to create mechanisms that prop up the ruble and that attempt to undermine the dollar-based financial system.”

While condemning Russia’s “needless war” on Ukraine, Singh said his visit to India was “in a spirit of friendship to explain the mechanisms of our sanctions,” but nonetheless warned that there would be “consequences [for] countries that actively attempt to circumvent or backfill” those penalties.

Russia offers SWIFT alternative for dollarless trade with India — report

The adviser refused to answer questions about the possible consequences. He said that it was part of “private discussions that I’m not going to share publicly.”

Singh’s remarks followed reports that Moscow and New Delhi are currently working out a rupee-ruble payment system, which would allow the two nations to conduct bilateral trade in each others’ currencies. India also recently agreed to buy a quantity of Russian crude oil at a discount, an unpopular decision with the US and some allies, who have embarked on a punitive sanctions campaign designed to isolate Russia’s economy and wreck the ruble.

Russia’s Foreign Minister Sergey Lavrov also visitedThe Indian capital was crowded on Thursday with officials meeting with Singh and UK Foreign Secretary Liz Truss.

Though American, Australian and British officials have criticized India’s refusal to go along with the sanctions spree, US State Department spokesman Ned Price insisted that Washington is not “seeking to change” any nation’s “relationship with the Russian Federation,”Citing India is a good idea.

“What we are seeking to do, whether it is in the context of India or other partners and allies around the world, is to do all we can”This is to make sure that “the international community is speaking in unison,” Price added in comments on Lavrov’s trip.

Chinese Foreign Minister visits India to discuss Ukraine

Often, it is referred to as the “architect”Singh mentioned the US sanctions against Moscow. However, he also cited the growing ties between Russia, China and warned that such a partnership could have significant consequences for India. India has been in dispute over its Sino-Indian border boundary since long.

“If you set that against the reality that China and Russia have now declared a no limits partnership, and that Russia has said that China is its most important strategic partner, by extension, that has real implications for India,”He said that Moscow was not interested in his claim. “come running to India’s defense”If China invades.

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