{"id":60200,"date":"2023-03-25T11:31:26","date_gmt":"2023-03-25T15:31:26","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/ukraine-war-throws-wrench-in-massive-russian-arms-deal-after-they-miss-delivery-india-says-60200"},"modified":"2023-03-25T11:31:26","modified_gmt":"2023-03-25T15:31:26","slug":"ukraine-war-throws-wrench-in-massive-russian-arms-deal-after-they-miss-delivery-india-says","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/ukraine-war-throws-wrench-in-massive-russian-arms-deal-after-they-miss-delivery-india-says-60200","title":{"rendered":"Ukraine war throws wrench in massive Russian arms deal after they miss delivery, India says"},"content":{"rendered":"<div>\n<p>Russia is unable to meet its commitments to deliver vital defense supplies to India, with <a href=\"https:\/\/www.foxnews.com\/world\/indian-air-force-fighters-jets-crash-killing-pilot-see-wreckage\" target=\"_blank\" rel=\"noopener\">Indian Air Force<\/a> claiming that the war in Ukraine has depleted Moscow&#8217;s military supplies.\u00a0<\/p>\n<p>An IAF statement, which was presented before a parliamentary committee and posted on its website earlier this week, said that a planned &#8220;major delivery&#8221; of Russian equipment would not take place.\u00a0<\/p>\n<p>Officials blamed the ongoing <a href=\"https:\/\/www.foxnews.com\/world\/brussels-summit-european-leaders-endorse-joint-purchasing-plan-arm-ukraine\" target=\"_blank\" rel=\"noopener\">conflict in Ukraine<\/a> for the shortage \u2013 an excuse they used to scrap a planned procurement of Russian helicopters last year, instead turning to local production to try and fill the gap.\u00a0<\/p>\n<p>The report did not mention specifics of the delivery, India has received a range of weapons and vehicles from Russia in recent years, such an air defense system in 2018 and spare fighter jets, including the MiG-29 and Su-30MKI. Russia handed off spare units to India in some cases.\u00a0<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/politics\/biden-says-china-russia-partnership-vastly-exaggerated-canada-visit\" target=\"_blank\" rel=\"noopener\"><strong>BIDEN SAYS CHINA-RUSSIA PARTNERSHIP IS \u2018VASTLY EXAGGERATED\u2019 DURING CANADA VISIT<\/strong><\/a><\/p>\n<p>Reuters noted that the biggest &#8220;ongoing delivery&#8221; from Russia to India concerned the S-400 Triumf air defense system units, which India bought for a sum of $5.4 billion. India received three of those systems, with two more required to complete the contract.\u00a0<\/p>\n<p>The <a href=\"https:\/\/home.treasury.gov\/news\/press-releases\/jy1286\" target=\"_blank\" rel=\"nofollow noopener\">U.S. Treasury claimed<\/a> in February that sanctions and export controls put in place as a response to Russia\u2019s invasion of Ukraine have &#8220;degraded Russia\u2019s ability to replace more than 9,000 pieces of military equipment lost since the start of the war.&#8221;<\/p>\n<p>The sanctions also allegedly &#8220;forced production shutdowns at key defense facilities and caused shortages of essential components for tanks and aircraft production.&#8221;<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/world\/un-denounces-alleged-torture-human-shields-war-crimes-ukraine-conflict\" target=\"_blank\" rel=\"noopener\"><strong>UN DENOUNCES ALLEGED TORTURE, HUMAN SHIELDS, OTHER WAR CRIMES IN UKRAINE CONFLICT<\/strong><\/a><\/p>\n<p>&#8220;Russia is also <a href=\"https:\/\/www.foxnews.com\/video\/6322988248112\" target=\"_blank\" rel=\"noopener\">running out of munitions<\/a> and has lost as much as 50 percent of its tanks,&#8221; the department wrote in a statement posted online. &#8220;At the same time, our coalition has provided Ukraine with state-of-the-art military equipment, while Russia has been forced to turn to mothballed Soviet-era weapons.&#8221;<\/p>\n<p>The shortage will have a significant impact on India\u2019s plans to continue modernizing its forces: Officials said they had to slash projected spending for the next financial year by a third compared to the previous one.\u00a0<\/p>\n<p>A spokesperson for the Russian Embassy in New Delhi told Reuters that it didn\u2019t &#8220;have information which may confirm the stated.&#8221; Rosoboronexport, the Russian government\u2019s weapons export branch, did not say anything on the matter.\u00a0<\/p>\n<p><a href=\"https:\/\/www.foxnews.com\/world\/russias-medvedev-claims-moscow-send-troops-back-kyiv-nothing-ruled-out\" target=\"_blank\" rel=\"noopener\"><strong>RUSSIA&#8217;S MEDVEDEV CLAIMS MOSCOW MAY SEND TROOPS BACK TO KYIV: \u2018NOTHING CAN BE RULED OUT\u2019<\/strong><\/a><\/p>\n<p>Russia accounted for more than 40% of India\u2019s defense imports in 2017, which equated to roughly $8.5 billion of the total $18.3 billion spent that year, according to The Defense Post.\u00a0<\/p>\n<p>India initially remained quiet on Russia&#8217;s actions in Ukraine, even <a href=\"https:\/\/www.foxnews.com\/world\/india-china-un-resolution-appease-russia\" target=\"_blank\" rel=\"noopener\"><u>abstaining from the vote<\/u><\/a> to condemn Russia&#8217;s actions, but shortly after condemned Russia&#8217;s actions in Bucha and called for an investigation into possible war crimes in Ukraine.\u00a0<\/p>\n<p>India has tried to cut its reliance on Russia for the past two decades, weening off a relationship that started in 1947.\u00a0<\/p>\n<p>Instead, India has looked to partners in the United States, France and Israel to provide the needed equipment.\u00a0<\/p>\n<p><i>Reuters contributed to this report.\u00a0<\/i><\/p>\n<\/div>\n<p><a href=\"https:\/\/www.foxnews.com\/world\/ukraine-war-throws-wrench-massive-russian-arms-deal-miss-delivery-india-says\">Source &#8211; https:\/\/www.foxnews.com\/world\/ukraine-war-throws-wrench-massive-russian-arms-deal-miss-delivery-india-says <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Russia is unable to meet its commitments to deliver vital defense supplies to India, with Indian Air Force claiming that the war in Ukraine has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-60200","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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