Tag India
Trading | Business | Industry  | 22.12.22

Russia Became One of Largest Steel Suppliers to India

In autumn, Russia became one of the largest steel suppliers to the Indian market, although exports were minimal before the sanctions and the European embargo, the Argus agency calculated, based on data from the Indian Ministry of Steel.  In November, Russian companies accounted for more than 10 per cent of Indian imports — 62.7 thousand

Russia International | Trading  | 02.11.22

Russia Became Largest Oil Supplier to India

In October, Russia became the largest supplier of oil to India, overtaking the traditional leaders in this indicator, Saudi Arabia and Iraq, as specialists of the industry analytical company Vortexa stated.  “In October, Russia supplied India with 946 thousand barrels of oil per day, which is the highest figure for the month, or 22 per

Russia International | Trading  | 08.07.22

Russia Ensures Delivery Through Trade Routes With China and India

Russian companies regularly organize charters to ensure the delivery of much-needed goods, such as raw materials, to China and India, according to the industry insiders of the Global Times. Sources said the move was caused by ongoing disruptions due to Western sanctions.  Beijing and New Delhi opposed Western sanctions against Moscow and said they would continue

India Agreed to Stop Using Dollar in Trade With Russia

A system allowing direct rupee-ruble payments in trade between Russia and India could be launched this week, the president of the Federation of Indian Export Organizations (FIEO), A Sakthivel, told.   According to the official, the Indian government is working on a proposal to allow up to five nationalized Indian banks to be engaged in the

Trading | Business  | 18.03.22

Russian Oil Exports to India Quadrupled in March 2022

Russian oil exports to India increased fourfold in March this year, which indicates a redistribution of global energy flows after the situation around Ukraine, as the Financial Times reported.   According to the publication, India, which is the third largest country in the world in terms of energy consumption, bought several shipments of Russian oil, as

Russian President Held Talks With Indian Prime Minister 

Russian President, Vladimir Putin, held talks with Indian Prime Minister Narendra Modi. The meeting took place in the Hyderabad Palace in the centre of New Delhi. This was the first face-to-face meeting of the leaders after communicating at the BRICS summit in Brasilia, Brazil, in November 2019.  In a joint document, Russia and India reaffirmed

Russia and India Signed Agreements on Military Cooperation

Moscow and New Delhi have signed several documents on cooperation in the military sphere, as reported by the Indian Defence Minister Rajnath Singh.  Negotiations in the “2+2” format of the Foreign and Defence Ministers of the two states took place in the Indian capital New Delhi. Singh called them productive, meaningful, and fruitful and noted

India to Produce Russian AK-203 Assault Rifles

The Defence Ministry of India gave its final approval to a deal with Russia to produce AK-203 assault rifles in the state of Uttar Pradesh. The decision to approve the deal was made during a session of the Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh.  Earlier, it was reported that over 600,000