Russia's invasion of Ukraine has revived Cold War sentiments and triggered a major realignment of the global economy, with India at the centre of it all.
In the first days of the conflict, the United States-led Western alliance imposed a slew of sanctions on Russia, including a ban on key Russian banks from the world's dominant financial messaging system, SWIFT.
The ban prevented these banks, representing over 80 percent of total Russian banking sector assets, from conducting transactions quickly and efficiently.
