Sanctions and Shifts: India-Russia Trade in the Wake of U.S.-Led Western Measures

Author(s)	Dr. Chingshubam Manimohon Singh, Dr. Gurumayum Token Sharma, Dr. Hijam Kanankumar Singh
Country	India
Abstract	The U.S.-led Western sanctions on Russia have triggered a strategic reorientation in its global trade partnerships, with increased engagement across the Global South and BRICS Nations. This paper examines the evolving India–Russia bilateral trade landscape post-2022, highlighting how alternative payment systems and institutional support have facilitated continued trade despite geopolitical constraints. Using a partial equilibrium SMART Model, the study simulates trade potential across primary and secondary sectors, revealing notable gains and diversification. The findings underscore how sanctions have inadvertently accelerated South–South cooperation and reshaped trade flows in favour of emerging economies.
Keywords	U.S.-led sanctions, India–Russia trade, South–South cooperation, alternative payment systems, BRICS, SMART.
Field	Sociology > Economics
Published In	Volume 8, Issue 2, March-April 2026
Published On	2026-04-01
DOI	https://doi.org/10.36948/ijfmr.2026.v08i02.73222

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