world π‘οΈ How India dodged US sanctions 25 years ago
US President Trump signed a bill allowing up to 100% tariffs on countries trading with Russia. This brings risk to India, which imports over half its crude oil from Russia. Exactly 25 years ago, in 1998, the US imposed sanctions on India following its nuclear tests. These sanctions cut off foreign aid and blocked billions in World Bank funding. Ultimately, India's economic reforms helped it remain strong and bypass the pressure. π