Surat: A sluggish post-pandemic economic recovery, the prevailing global slowdown, and the impact of the Russia-Ukraine war have cast a dark shadow on.
The Indian government has asked the United States to release $26 million belonging to Indian diamond companies after these assets were frozen due to alleged trading ties with a sanctioned Russian diamond company, ALROSA, Radio Free Europe/Radio Liberty reported on Aug. 30. Until recently, Indian businesses had not been directly impacted by Western sanctions against Russian companies.