A month into the most severe and coordinated sanctions by Western governments, Russia’s economy is displaying signs of cracking. With the ruble seesawing in worth against the dollar and many educated Russians reportedly fleeing the nation, Russia’s financial system is facing a contraction not like any it’s ever seen before. Institute of Worldwide Finance said in a report. India, a key strategic accomplice for Russia in South Asia, finds itself in a predicament. Two years in the past, India formulated a complete Arctic policy with the intention of leveraging its influence in Moscow for the development of its High North interests. Nevertheless, the strategic place that New Delhi has adopted concerning the Ukraine Warfare, which seems to have displeased the West, coincided with a gradual undermining of the strategic partnership that facilitated the circulate of Russian oil to India through delivery. Mango, the Spanish clothes retailer, said it was temporarily closing its outlets and its online sale website in Russia, whereas it is monitoring “with sadness and concern” the scenario in Ukraine. Nike has mentioned it is stopping Russian clients from shopping for online. Adidas has suspended its partnership with the Russian Football Union. Marks & Spencer has suspended shipments to its Turkish franchisee’s Russian business.

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