Russia And India

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Putin's Billionaires And The Global Economic Weapon That India Won't Use

In 2015, Vladimir Putin played an incendiary global economic card against the West by asking Russian billionaires to pull out their cash from the West and bring it home into the Russian financial system. And though less than 0.4% of them initially complied, that was more than enough to create global market fears... if New Delhi were to make a similar call to the Indian diaspora, and 0.4% heeded it, then the scale of economic chaos in the global financial system would be far greater.