India-Russia trade reaching $100 bn by 2030 more than realistic, says Jaishankar
Top News
2 months ago

India-Russia trade reaching $100 bn by 2030 more than realistic, says Jaishankar

Firstpost  

External Affairs Minister S Jaishankar said India-Russia trade today is at $66 billion and ’this makes the goal of reaching $100 billion by 2030 more than realistic' External Affairs Minister S Jaishankar and Russia's First Deputy Prime Minister Denis Manturov at the India-Russia Business Forum, Mumbai, on November 11, 2024. Source: X | @DrSJaishankar India-Russia trade currently is at $66 billion and this will increase to $100 billion by 2030, External Affairs Minister S Jaishankar said on Monday, addressing the India-Russia Business Forum in Mumbai. According to Jaishankar, signing of a bilateral agreement between the customs authorities of India and Russia in May 2024 on Authorised Economic Operators, “has had a big impact on smoothening the ease of doing trade.” Strong resolve to boost connectivity The India-Russia Business Forum in Mumbai was also attended by Russia’s first Deputy Prime Minister Denis Manturov, who is on a two-day India visit. In a post on X, after his address, Jaishankar said that he is “confident that today’s discussions will lead to a successful India - Russia Intergovernmental Commission meeting tomorrow.” Pleased to deliver the keynote address at the India-Russia Business Forum held today.

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History of this topic

The role of India’s private sector in economic relations with Russia (1991-2024)
5 days, 5 hours ago

The role of India’s private sector in economic relations with Russia (1991-2024)

Hindustan Times  

India and Russia are showing an appetite for continued economic engagement. Russian President Vladimir Putin embraces Indian Prime Minister Narendra Modi during their meeting on the sidelines of the Brics Summit in Kazan, Russia In 2023, India’s trade with Russia was recorded at $65 billion, significantly higher than the $12.34 billion in 2022, and more than double the target of …

Rosneft, Reliance agree biggest ever India-Russia oil supply deal: Reports
4 weeks, 2 days ago

Rosneft, Reliance agree biggest ever India-Russia oil supply deal: Reports

Deccan Chronicle  

Russia's state oil firm Rosneft has agreed to supply nearly 500,000 barrels per day of crude to Indian private refiner Reliance in the biggest ever energy deal between the two countries, three sources familiar with the deal said.The 10-year agreement amounts to 0.5% of global supply and is worth roughly $13 billion a year at today's prices. The company declined …

Investing in India profitable: Putin says Russia will now 'Make in India', praises PM Modi's policies
1 month ago

Investing in India profitable: Putin says Russia will now 'Make in India', praises PM Modi's policies

Firstpost  

Russia President Vladimir Putin informed that his country will soon set up manufacturing plants across India. He also praised Prime Minister Narendra Modi for his ‘India-first’ policies and ‘Make in India’ initiative President Vladimir Putin believes that investing in India is “profitable” and announced that Russia is now ready to set up its manufacturing operation in India. Putin also praised …

Trade on track: Russia looks up to India for train manufacturing to meet domestic demand
1 month, 2 weeks ago

Trade on track: Russia looks up to India for train manufacturing to meet domestic demand

Firstpost  

Russia is seeking to invest in and expand the manufacturing of trains as well as their components in India to meet its growing domestic demand Russia eyes to deepen its trade ties with India — one of the top economies still in robust trade with the country after its President Vladimir Putin ordered the invasion of Ukraine 36 months ago. …

Russia wants to become the second-largest oil producer in the world
1 month, 3 weeks ago

Russia wants to become the second-largest oil producer in the world

China Daily  

Russia is reportedly considering a major oil-sector shakeup by merging three of its largest oil companies: state-backed Rosneft and Gazprom Neft and privately-held Lukoil. Notably, the consolidation could allow Russia to command higher prices for crude oil exports to major buyers like India and China. This shift is driven by Russia’s substantial discounts on crude oil, which have made it …

India confident of achieving USD 100 billion trade with Russia by 2030: Jaishankar
1 month, 4 weeks ago

India confident of achieving USD 100 billion trade with Russia by 2030: Jaishankar

Firstpost  

In his televised opening remarks at the 25th session of the IRIGC-TEC, Jaishankar said the trade between the two countries needs to be ”more balanced and that would require addressing current constraints and undertaking greater facilitative efforts.” India is confident of achieving USD 100 billion in annual bilateral trade with Russia well ahead of the timeline of 2030 and a …

India to achieve $100-billion trade with Russia well before 2030 target: Jaishankar
Trending News
1 month, 4 weeks ago

India to achieve $100-billion trade with Russia well before 2030 target: Jaishankar

Hindustan Times  

India is confident of achieving commerce worth $100 billion with Russia before the target date of 2030 though the two sides need to address constraints to ensure trade is more balanced, external affairs minister S Jaishankar said on Tuesday. The two sides have seen “perceptible progress” in tackling challenges to trade, especially issues related to payments and logistics, but there …

India aims to hit $100 billion trade target with Russia before 2030: S Jaishankar
Trending News
1 month, 4 weeks ago

India aims to hit $100 billion trade target with Russia before 2030: S Jaishankar

India Today  

India is confident of achieving USD 100 billion in annual bilateral trade with Russia well ahead of the timeline of 2030 and a more substantive relationship between the two nations has a larger global resonance, External Affairs Minister S Jaishankar said on Tuesday. In his televised opening remarks at the 25th session of the, Jaishankar said the trade between the …

India stresses need to address trade imbalance with Russia
Trending News
1 month, 4 weeks ago

India stresses need to address trade imbalance with Russia

Hindustan Times  

New Delhi The imbalance in India-Russia trade needs to be addressed urgently, including steps to remove non-tariff barriers and regulatory impediments and facilitate the settlement of trade in national currencies, external affairs minister S Jaishankar said on Monday. Jaishankar’s remarks, made while addressing the India-Russia Business Forum in Mumbai alongside Russia’s first deputy prime minister Denis Manturov, came against the …

Russia's deputy PM in India, 10 things about Moscow-Delhi ties
2 months ago

Russia's deputy PM in India, 10 things about Moscow-Delhi ties

Firstpost  

Russia’s First Deputy Prime Minister, Denis Manturov, arrived in India on a two-day official visit on Monday for a meeting of the Intergovernmental Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation Russia’s First Deputy Prime Minister Denis Manturov is currently on a two-day official visit to India. Look forward to our engagement at the India - Russia Business Forum …

$100 billion bilateral trade with Russia by 2030 is realistic: Jaishankar
2 months ago

$100 billion bilateral trade with Russia by 2030 is realistic: Jaishankar

Deccan Chronicle  

Speaking at the India-Russia Business Forum in Mumbai, Minister of External Affairs Dr S Jaishankar said by 2030 India-Russia bilateral trade will cross USD 100 billion.He said, "Our bilateral trade is today at USD 66 billion. "The minister outlined ten critical areas of development that signal a promising trajectory for strengthening bilateral trade and investment relations between the two countries.Highlighting …

Non-tariff barriers, regulatory impediments must be addressed: EAM on India-Russia trade
2 months ago

Non-tariff barriers, regulatory impediments must be addressed: EAM on India-Russia trade

Hindustan Times  

The imbalance in India-Russia trade needs to be addressed urgently, including steps to remove non-tariff barriers and regulatory impediments and facilitate the settlement of trade in national currencies, external affairs minister S Jaishankar said on Monday. Jaishankar’s remarks, made while addressing the India-Russia Business Forum in Mumbai alongside Russia’s first deputy prime minister Denis Manturov, came against the backdrop of …

‘World moving towards ever greater multi-polarity,’ EAM Jaishankar says ‘Russia focused deeply on Asia’
2 months ago

‘World moving towards ever greater multi-polarity,’ EAM Jaishankar says ‘Russia focused deeply on Asia’

Live Mint  

Stressing the “deep friendship” between India and Russia, External Affairs Minister S Jaishankar on Monday said that Russia has consciously “focused more deeply on Asia since 2022”, which has created “many more avenues of cooperation.” EAM was speaking at the India-Russia Business Forum in Mumbai. That we have a long history of strong convergence and deep friendship allows us to …

Jaishankar, Manturov to steer India-Russia talks; focus on export imbalance, trade target of $100 billion by 2030
2 months ago

Jaishankar, Manturov to steer India-Russia talks; focus on export imbalance, trade target of $100 billion by 2030

Live Mint  

In a push to deepen India-Russia ties, Russian Deputy Prime Minister Denis Manturov and India’s External Affairs Minister S. Jaishankar will co-chair the Intergovernmental Commission on Trade, Economic, Scientific, Technical, and Cultural Cooperation meeting in New Delhi on November 12. Discussions on November 12 are expected to cover significant topics, including improving bilateral payment mechanisms, expanding trade settlements in national …

Russian deputy PM to visit India, trade ties in focus
2 months ago

Russian deputy PM to visit India, trade ties in focus

Hindustan Times  

Russia’s first deputy prime minister Denis Manturov will make a two-day visit to India from Monday to participate in a meeting of a key body that oversees bilateral relations and to take forward business ties between the two sides. Russian President Vladimir Putin greets Prime Minister Narendra Modi at the BRICS summit in Kazan on October 22. Manturov and external …

India deserves to be in list of global superpowers: Putin
2 months ago

India deserves to be in list of global superpowers: Putin

Deccan Chronicle  

Moscow: India deserves to be included in the list of global superpowers as its economy is currently growing faster than in any other country, Russian President Vladimir Putin has said. Addressing the plenary session of the Valdai Discussion Club in Sochi on Thursday, Putin also said Russia is developing relations with India in all directions and there is a great …

India, Russia aim for speedy conclusion of bilateral investment treaty
3 months, 3 weeks ago

India, Russia aim for speedy conclusion of bilateral investment treaty

Hindustan Times  

New Delhi Seven years after the expiry of the investment treaty between India and Russia, the two countries have launched negotiations to expeditiously conclude a fresh pact to ramp up investments and business cooperation, officials from both sides said. A second official said the two sides are “close to moving forward” with the investment treaty since it is a “good …

Jaishankar in Germany: Russia, Ukraine have to negotiate, and India is willing to advise if they want
4 months ago

Jaishankar in Germany: Russia, Ukraine have to negotiate, and India is willing to advise if they want

The Hindu  

India has a four-point principle towards the resolution of the Russia-Ukraine conflict, said External Affairs Minister S. Jaishankar on Tuesday. Responding to a question from The Hindu about the possibility of India hosting the conference, and playing a role as peacemaker, Mr. Jaishankar said that India believes in four principles: that this should be a time of peace; that there …

India seeks to boost exports to Russia after Modi's visit
5 months, 3 weeks ago

India seeks to boost exports to Russia after Modi's visit

Hindustan Times  

India is exploring ways to boost its exports to Russia, including by encouraging rupee-rouble trade and pushing Moscow to lift non-tariff barriers, New Delhi said on Monday, in the wake of Prime Minister Narendra Modi's visit to Moscow. Prime Minister Narendra Modi exchanges greetings with Russian President Vladimir Putin after receiving the Order of St Andrew the Apostle the First-Called, …

Much more than a bear hug: Analysing India-Russia relations
5 months, 4 weeks ago

Much more than a bear hug: Analysing India-Russia relations

Firstpost  

India defying the West to engage with Russia meant that other Third World countries in the Global South now has a credible precedent to cite and follow Bear-hug it was when Modi and Putin met, but there was much more to bilateral relations that was exchanged at their 22nd summit. Image: AP If equivocal or unequivocal words could hurt, Prime …

Watch: Modi-Putin meet- What is India’s message from Moscow?
5 months, 4 weeks ago

Watch: Modi-Putin meet- What is India’s message from Moscow?

The Hindu  

There were many firsts to PM Modi’s two day visit to Russia, his first since the invasion of Ukraine, and his first destination for a bilateral summit in his 3rd tenure in office, the first time they held the Annual Summit since 2021, and the first time an Indian leader was awarded Russia’s. The India Russia Joint Statement issued spoke …

Russia will be ‘largest contributor’ to India’s energy security: Diplomat
6 months ago

Russia will be ‘largest contributor’ to India’s energy security: Diplomat

Hindustan Times  

New Delhi: Russia is committed to being the “largest contributor” to India’s energy security after accounting for more than a third of the country’s oil purchases and is giving priority to long-term contracts for crude, coal and fertilisers, a senior Russian diplomat said on Wednesday. Charge d’Affaires of Russia in India Roman Babushkin India and Russia on Tuesday set a …

Russia in talks for developing six more nuclear power units in India amid PM Modi's visit: Report
6 months ago

Russia in talks for developing six more nuclear power units in India amid PM Modi's visit: Report

India TV News  

PM Modi's Russia visit: Prime Minister Narendra Modi's high-profile bilateral visit saw numerous agreements across several critical areas, including trade, climate change, and research. Russian state nuclear corporation Rosatom said it was discussing building six more nuclear power units in India; the Russian Direct Investment Fund inked pharma, shipbuilding and education agreements; and Russia's second-largest bank spoke of efforts to …

India, Russia sign 9 agreements during PM Narendra Modi's visit
6 months ago

India, Russia sign 9 agreements during PM Narendra Modi's visit

Hindustan Times  

During Prime Minister Narendra Modi's two-day visit to Russia, New Delhi and Moscow signed nine MoUs and agreements in several sectors, including trade, climate and research. A Joint Investment Promotion Framework Agreement was also signed between Invest India and JSC "Management Company of Russian Direct Investment Fund". A memorandum of understanding between the Trade Promotion Council of India and All …

India, Russia to boost bilateral trade to $100 billion by 2030
6 months ago

India, Russia to boost bilateral trade to $100 billion by 2030

The Hindu  

India and Russia agreed to increase bilateral trade to $100 billion dollars by 2030, including the use of national currencies to circumvent Western sanctions, as Prime Minister Narendra Modi and Russian President Vladimir Putin sat down for the 22nd Annual Summit here on Tuesday. The meeting between India and Russia came under attack from Kyiv where Ukrainian President called Mr. …

Putin hosts India’s prime minister to deepen ties, but Ukraine looms over their relationship
6 months ago

Putin hosts India’s prime minister to deepen ties, but Ukraine looms over their relationship

Associated Press  

Indian Prime Minister Narendra Modi met President Vladimir Putin in Moscow on Tuesday, seeking to deepen the relationship between the two nuclear powers at a time when NATO leaders gathered in Washington and Russia launched deadly missile attacks in Ukraine that hit a children’s hospital. “Our relationship is one of a particularly privileged strategic partnership,” Putin told Modi, who made …

‘There are issues...like trade imbalance’: S Jaishankar on PM Modi's Russia visit
6 months ago

‘There are issues...like trade imbalance’: S Jaishankar on PM Modi's Russia visit

Hindustan Times  

Prime Minister Narendra Modi's Russia visit is a great opportunity for him and the country's president, Vladimir Putin, to hold direct talks on a host of issues including trade, said external affairs minister S Jaishankar on Sunday. "There are issues.like the trade imbalance.So, at a leadership level, it will be a great opportunity for Prime Minister Modi and President Putin …

Build your plants in Russia, Moscow tells Indian drugmakers
7 months ago

Build your plants in Russia, Moscow tells Indian drugmakers

Live Mint  

New Delhi: Sanctions-hit Russia is looking to India for drug security at a time of shortages triggered by its war in Ukraine, a government official aware of the matter said. Moscow has proposed financial support for Indian companies ready to build facilities in Russia, and is seeking higher pharmaceutical exports from India to meet domestic demand, the official said on …

EAM Jaishankar Says India’s spike in trade with Russia not a ‘temporary phenomenon
7 months, 3 weeks ago

EAM Jaishankar Says India’s spike in trade with Russia not a ‘temporary phenomenon

The Hindu  

India's rise in trade with Russia should not be seen as a "temporary phenomenon" as more economic opportunities are emerging, India's Foreign Minister said on Friday. India and Russia have a close relationship stretching back decades, and New Delhi has refused to condemn Moscow over its February 2022 invasion of Ukraine, urging the two sides to end the conflict through …

’My friend...’: Russian FM lauds Jaishankar’s response on oil import
10 months ago

’My friend...’: Russian FM lauds Jaishankar’s response on oil import

Live Mint  

Russian foreign minister Sergey Lavrov has praised an old remark made by India's External Affairs Minister S Jaishankar at the United Nations. Lavrov at the World Youth Forum in Russia's Sochi called Jaishankar "My friend" and heaped praises on the Indian minister for navigating bilateral ties between New Delhi and Moscow amid the Ukraine war. Russian oil import According to …

‘My friend, S Jaishankar…’: Sergey Lavrov lauds EAM over Russian oil imports statement
10 months ago

‘My friend, S Jaishankar…’: Sergey Lavrov lauds EAM over Russian oil imports statement

Hindustan Times  

Russian foreign minister Sergey Lavrov has lauded external affairs minister S Jaishankar for navigating bilateral ties between New Delhi and Moscow amid the Ukraine war and recalled how his Indian counterpart responded when Western pundits demanded to know why India still aligned with his country. Sergey Lavrov was addressing the World Youth Forum in the Russian city of Sochi where …

Old and strong: On India-Russia ties
1 year ago

Old and strong: On India-Russia ties

The Hindu  

The importance of External Affairs Minister S. Jaishankar’s visit to Russia this week can be gleaned from the special effort New Delhi and Moscow have made to make the meetings successful and productive. Mr. Jaishankar’s announcement that imports of Russian hydrocarbons will continue to rise despite the West’s Russian sanctions, indicated the strength of ties that continue “regardless of political …

In Moscow to meet Putin and Lavrov, India’s foreign minister praises growing trade
1 year ago

In Moscow to meet Putin and Lavrov, India’s foreign minister praises growing trade

Associated Press  

MOSCOW — India’s foreign minister met Wednesday with Russian President Vladimir Putin, who said relations between the countries are progressing even amid turbulent times. At the start of the meeting, Putin said he would inform the Indian diplomat about the fighting in Ukraine, on which Indian Prime Minister Narendra Modi has held a neutral stance. “I know about his desire …

At Jaishankar, Sergey Lavrov meeting, a push to expand export of Russian energy
1 year ago

At Jaishankar, Sergey Lavrov meeting, a push to expand export of Russian energy

Hindustan Times  

NEW DELHI: India and Russia on Wednesday agreed to explore ways to expand the export of Russian energy, including oil and coal, to Indian markets as external affairs minister S Jaishankar and his counterpart Sergey Lavrov charted a course for future cooperation between the two countries. Jaishankar said Russian supplies of energy, coking coal and fertilisers were “very big components” …

'We stand ready to cooperate': Lavrov on helping New Delhi manufacture military equipment under Made in India
1 year ago

'We stand ready to cooperate': Lavrov on helping New Delhi manufacture military equipment under Made in India

Firstpost  

“We are respectful of the aspiration of our Indian colleagues to diversify their military and technical links. We also understand and hence we are ready to support their initiative to produce military products as part of the ‘Made in India’ program….,” said Lavrov Russian Foreign Minister Sergey Lavrov on Wednesday expressed Russia’s commitment to supporting India’s efforts in manufacturing military …

Russia minister says oil supplies to India increased to 40 percent since Ukraine war
1 year ago

Russia minister says oil supplies to India increased to 40 percent since Ukraine war

Hindustan Times  

Moscow: Russia's deputy prime minister Alexander Novak said on Wednesday his country has redirected most its oil supplies towards India and China after the West enforced economic sanctions against it over the Ukraine war. "China -- whose share has grown to 45-50 percent -- and India have become our main partners in the current situation," Novak was quoted as saying …

Jaishankar, Lavrov hail “strong and steady” India-Russia ties; to resume annual summits in 2024
1 year ago

Jaishankar, Lavrov hail “strong and steady” India-Russia ties; to resume annual summits in 2024

The Hindu  

Hailing India and Russia relations as “very steady” and “very strong”, External Affairs Minister S. Jaishankar said he was “confident” that the annual India-Russia leadership summit, that Prime Minister Narendra Modi and Russian President Vladimir Putin have skipped for two years, will be held in 2024, even as Mr. Putin extended an invitation to PM Modi to visit. “We will …

'Geopolitics, strategic convergence to keep India-Russia ties on positive trajectory': Jaishankar ahead of Moscow talks
1 year ago

'Geopolitics, strategic convergence to keep India-Russia ties on positive trajectory': Jaishankar ahead of Moscow talks

Firstpost  

Ahead of talks with his Russian counterpart Sergey Lavrov and other top leaders, External Affairs Minister S Jaishankar has said that geopolitics and strategic convergence will always keep India-Russia ties on a positive trajectory Ahead of talks with his Russian counterpart Sergey Lavrov and other top leaders, External Affairs Minister S Jaishankar has said that geopolitics and strategic convergence will …

‘PM Modi cannot be intimidated or forced to…’: Russian President Vladimir Putin
1 year, 1 month ago

‘PM Modi cannot be intimidated or forced to…’: Russian President Vladimir Putin

Live Mint  

Russian President Vladimir Putin heaped praises on Prime Minister Narendra Modi and said that he cannot be intimidated or forced to take any decisions that are contrary to India's interests. Speaking at the forum, Putin also asserted that PM Modi's "policy" is the primary "guarantor" of ties between their two nations. On what the two nations could do to accelerate …

Ascent of yuan in India’s indirect trade with Russia
1 year, 2 months ago

Ascent of yuan in India’s indirect trade with Russia

Live Mint  

NEW DELHI : India’s trade with Russia in yuan is gathering pace as Russian exporters prefer being paid in the Chinese currency, two people close to the matter said. Russian exporters trading with India through Singapore and Dubai prefer the Chinese currency with greater global acceptance, one of the two people said on condition of anonymity. On 15 January, Mint …

India-Russia Trade: 70 Years On, Ties Still Strong And Growing. But A Balancing Act Is Needed Now
1 year, 3 months ago

India-Russia Trade: 70 Years On, Ties Still Strong And Growing. But A Balancing Act Is Needed Now

ABP News  

A recent statement by Russian Trade Representative Alexander Rybas, on the 70th anniversary of commercial ties between Russia and India, highlighted the need for increasing bilateral trade, which in the changing geopolitical framework assumes significance with the rise of China, US’s indeterminate Indo-Pacific policy, and a multi-polar Asian paradigm. Several questions arise regarding the history of India-Russia trade relations, the …

‘Russia likely to invest trapped rupees in India’: Lavrov says. Top Points
1 year, 4 months ago

‘Russia likely to invest trapped rupees in India’: Lavrov says. Top Points

Live Mint  

Russia's Foreign minister Sergei Lavrov on Sunday informed that India will offer Moscow options to invest the billions in rupees it has accumulated for exports. On Arms Contract with India Lavrov also said Russian arms contracts with India remain in force, despite difficulties with payments caused by sanctions imposed by the US and its allies over Russia’s invasion of Ukraine. …

G20 Summit: Is India breaking up with Russia?
1 year, 4 months ago

G20 Summit: Is India breaking up with Russia?

Al Jazeera  

As Putin stays in Moscow, India-Russia ties are in decline, while New Delhi’s bond with the West gets tighter. If Modi’s government has refused to join Western sanctions against the Kremlin over the war in Ukraine, there is a history behind that decision: Russia opposed sanctions imposed by the US, Japan and a few other countries on India following New …

Russia-India energy ties to increase this year, says Trade Commissioner
1 year, 4 months ago

Russia-India energy ties to increase this year, says Trade Commissioner

The Hindu  

Marking the 70th anniversary of commercial ties, Russia and India will launch major energy initiatives and a business club to connect big business houses on both sides more closely, Russian Trade Commissioner Alexander Rybas has said. In a written interview to The Hindu, Mr. Rybas, who is the highest ranking Russian trade representative in India, said withdrawal of western companies …

Is India's Reliance on Russian Oil Imports Reaching a Limit
1 year, 5 months ago

Is India's Reliance on Russian Oil Imports Reaching a Limit

News 18  

India’s imports of oil from Russia reached a new height as New Delhi’s daily volumes climbed to 2.2 million barrels a day in June. News18 takes a look at India’s oil trade with Russia and the future possibilities: Rapid Rise of Russian Oil India, the world’s third largest consumer of crude, bought nearly 2 million barrels per day of Russian …

Explained | Why are India-Russia trade payments in crisis?
1 year, 6 months ago

Explained | Why are India-Russia trade payments in crisis?

The Hindu  

July 09, 2023 03:45 am | Updated 04:21 pm IST The story so far: As India continues to import oil from Russia, it is getting tougher for the country to pay for it. On the one hand, it faces repercussions of breaching the oil price cap of $60 a barrel put in place by the U.S. and European nations as …

India's Campaign To Boost Rupee In Cross-Border Payments Gets Off To A Tepid Start: Report
1 year, 6 months ago

India's Campaign To Boost Rupee In Cross-Border Payments Gets Off To A Tepid Start: Report

ABP News  

In cross-border payments, India’s year-old campaign to boost the role of rupee has made little progress, citing people privy to the development news agency Bloomberg reported on Friday. The Reserve Bank of India has allowed more than a dozen banks to settle trades in rupees with 18 countries since last year and is encouraging big oil exporters such as the …

What to know about India's ties with Russia
1 year, 6 months ago

What to know about India's ties with Russia

The Hindu  

June 22, 2023 12:38 pm | Updated 02:06 pm IST - NEW DELHI Prime Minister Narendra Modi's visit to Washington in June was expected to reduce India's dependence on Moscow for arms, economic ties and technology as New Delhi and Washington try to strengthen the Quad partnership, which also includes Japan and Australia, to contain growing aggression from China. Here's …

India, China bought 80% of Russia's oil in May: Report
1 year, 6 months ago

India, China bought 80% of Russia's oil in May: Report

India TV News  

India and China, the world's top oil users, continued to lap up heavily discounted Russian crude oil, buying as much as 80 per cent of the oil that Moscow exported in May, the International Energy Agency said in a report. Russia-origin seaborne crude exports averaged 3.87 million barrels per day in May, the highest since Russia invaded Ukraine in February …

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