Indian Banks Are Wary of U.S. Sanctions If They Work With Russia

RT reported that “Indian banks have been cautious about settling transactions with Russian clients due to the risk of facing secondary US sanctions, Moscow’s envoy to New Delhi has said. Speaking to reporters on Monday, Denis Alipov said that Washington has been meticulous in tracking trade transactions between Russia and India. Indian banks with exposure to the US are `concerned about secondary US sanctions,’ Alipov stated, as quoted by Bloomberg…