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
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Russia International | 17.11.22
AvtoVAZ Received Proposals for Joint Production From Iran and India
At the end of September, it became known that Russian car manufacturer AvtoVAZ had received an offer from Iran to jointly produce cars. According to the Head of AVTOVAZ, Maksim Sokolov, this is not the only offer of cooperation received by the Russian automaker from friendly countries. “We do not refuse, we look at 360
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
Russia International | 05.07.22
New Delhi Doesn’t Support Anti-Russian Sanctions, Ambassador to India Says
Russia and India are strengthening their ties despite the anti-Russian sanctions which have been imposed by the West. In an interview with Sputnik, Russia’s Ambassador to India, Denis Alipov, told about the results of the XIV BRICS Summit, relations between Moscow and New Delhi, and opportunities for Indian businesses in Russia. According to Alipov, the
Russia International | 03.06.22
India Buys Sanctioned Russian Oil Cheaply and Sells It Abroad at High Price
While the US and EU are being forced to pay record prices for gas as “the cost of standing up for freedom,” India is buying up cheap sanctioned Russian oil, refining it, and then selling it to the US and EU for huge profits, according to a report by the Wall Street Journal (WSJ). The
Russia International | 29.03.22
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
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
Russia International | 20.12.21
India and Russia: Perfect Match for Cooperation in Diamond Industry – Both Parties Agree
The interaction of Russia and India in the diamond industry can be called a perfect example of how two countries far from each other can cooperate in the mutual interest, since the whole world wears Russian diamonds with Indian cuts, as stated by a member of the board of directors of one of the largest
Russia International | Recommended | 07.12.21
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 International | 06.12.21
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
Russia International | 26.11.21
Russia, India, and China United by Rejection of Politically Motivated Sanctions, Lavrov Said
Russia, India, and China are united by the rejection of trade protectionism and unilateral politically motivated sanctions, Russian Foreign Minister Sergei Lavrov said speaking during a meeting of the foreign ministers of the RIC association. The Russian Minister noted that the exchange of views with colleagues from China and India is important in light of
Russia International | 24.11.21
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
