The sources said the war’s macroeconomic impact would be discussed but India does not want to deliberate on additional actions against Russia during its one-year presidency
India does not want the Group of 20 nations to discuss additional sanctions on Russia for its invasion of Ukraine, government sources said on Wednesday, as finance officials from the bloc started a meeting near the southern city of Bengaluru.
Spokespeople for the Indian government and the finance and foreign ministries did not immediately respond to requests for comment. India has kept a neutral stance on the war, declining to blame Russia for the invasion, seeking a diplomatic solution and increasing its purchases of Russian oil over the past year.
Russia has been India’s biggest supplier of military equipment for decades and it is the fourth-biggest market for India’s pharmaceutical products. Reuters reported last week that India has drafted a proposal for G20 countries to help debtor nations by asking lenders, including the world’s largest sovereign creditor China, to take a large haircut on loans.
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