The Biden administration is looking at applying sanctions on India

Local Indian media with this (in breif), relaying comments from US diplomat Donald Lu said on Wednesday US time:

• The Biden administration is looking whether to apply or waive sanctions on India for its purchase of the S-400 Triumf missile defence system from Russia, under Countering America's Adversaries Through Sanctions Act (CAATSA)
• Lu's remarks came as India drew criticism from US lawmakers, both Republicans and Democrats, at a hearing on the "US relationship with India" for being among 35 nations that abstained Wednesday from a UN vote to rebuke Russia's invasion.

The probability of US moves on India would likely increase should this come to pass:

India considering rupee-ruble bilateral trade between Russia and India to bypass sanctions

eur EUR The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value The euro (EUR) is the official currency of the European Union (EU) and 19 of 27 member states at the time of writing. It is the second most-traded currency worldwide in forex markets after the US dollar.The euro was originally introduced back on January 1, 1999, having replaced the European Currency Unit. Banknotes and physical euro coins subsequently entered circulation only in 2002.Upon its adoption, the euro replaced domestic currencies in participating EU member states. The rise in its value Read this Term