Pointing out that sanctions imposed on Russia could have an unintended impact, finance minister Nirmala Sitharaman on Wednesday said the ‘collateral’ impact of these measures on a wide spectrum of nations should be factored in while taking such a decision.
She also blamed the rising commodity prices due to the Russia-Ukraine war for the high inflation in many countries as supplies of essential items such as food grains have been disrupted.
However, India has huge stocks of wheat and wants to export, she said.
Sanctions have always had an impact not just on the economy of the country on which they have been