The Maldives is grappling with a serious economic downturn, with revenues and foreign currency reserves having been severely impacted

India has extended budgetary support to the Maldives by rolling over a USD 50 million Treasury Bill for another year, following a request from the Maldivian government. ;

The Indian aid to the island nation comes amid a potential threat of sukuk default, which would be the world’s first. Maldives has about $500 million in outstanding sukuk debt due in 2026, according to data compiled by Bloomberg.

NEW DELHI (Reuters) -Artillery shells sold by Indian arms makers have been diverted by European customers to Ukraine and New Delhi has not intervened to stop the trade despite protests from Moscow, according to 11 Indian and European government and defence industry officials,

Ammunition manufactured in India has been diverted to Ukraine for over a year by European clients, despite protests from Russia. According to sources from both India and Europe, New Delhi has not taken action to stop these transfers,

The transfer of ammunition to support Ukraine's defence against the Russian offensive has reportedly been occurring for more than a year.