Prime Minister Narendra Modi on Thursday said the sanctions imposed by the US on Russia have no effect on India bolstering cooperation with Moscow in strategic sectors like energy and defence.
Prime Minister Modi said Indian companies have made investments in Russian oil and gas sector and Russian firms have investments in energy, defence and technology transfer to India.
"(Sanctions) are no hindrance for both the countries," Modi, who addressed the plenary session of the 5th Eastern Economic Forum here, said when asked for his views on the US imposing economic sanctions against companies and countries.
The prime minister, however, said "there is a concern and debate in the world over the impact of sanctions against one country on other nations and the overall global economy."
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