The External Affairs Minister further countered the criticism by drawing attention to Europe's historical and moral inconsistencies regarding global security dynamics
Russian President Vladimir Putin on Thursday hailed Moscow's strategic partnership with New Delhi and asserted that Western attempts to force New Delhi into scaling back its cooperation with Russia are both futile and damaging to global stability. In an interaction with heads of leading global news agencies including PTI, Putin lauded India's economic growth and its independent foreign policy and said Russia is determined to expand its economic engagement with the country. "India is among the world's major economies and is currently demonstrating an impressive rate of economic growth," Putin remarked, expressing confidence that bilateral trade between the two nations is on track to hit a USD 100 billion milestone in the coming years. Putin said Russia has not seen any negative consequences of Western pressure on India to limit its engagement with Russia, suggesting that such tactics are bound to backfire. "Everyone has understood that putting pressure on Prime Minister Narendra Mo
India and the Eurasian Economic Union (EAEU) are discussing a "limited and temporary" trade arrangement covering selected groups of goods as part of negotiations on a proposed free trade agreement, Russia's Economic Development Minister Maxim Reshetnikov has said, according to a media report. Describing the negotiations as "complex", Reshetnikov said on Friday that the Indian side's requests were "quite ambitious". "Things are more complicated with India: the economy is larger, mutual interests are more complex, so to speak. And, frankly, our colleagues' requests are also quite ambitious," he said in an interview with the Vesti programme, according to the state-run TASS news agency. "Therefore, we are currently discussing a limited and temporary free trade zone, that is, for a list of goods defined by product groups," he added. Reshetnikov's remarks came hours after Russian President Vladimir Putin said negotiations on trade liberalisation between India and the EAEU had gained ...
The two officials also exchanged views on regional and global developments
In May, flows are expected to come in at close to 1.9 million barrels a day, close to peak levels - though that still includes a period under the US permit that was allowed to expire over the weekend
The US first provided a green light in March, and then widened that with an authorization that runs until May 16, in an effort to limit rising oil prices with additional barrels
Some 11 Russian insurers that are not members of so-called P&I Clubs are now allowed to provide the services, up from eight last month
India is relying on Russian oil to meet most of its demand using a temporary waiver as the US-Israeli war on Iran keeps the Strait of Hormuz effectively closed
Russia signals readiness to boost oil and LNG supplies as India faces energy stress amid West Asia conflict and rising import dependence
Russia's First Deputy PM Denis Manturov will visit New Delhi for talks with key ministers, focusing on boosting bilateral trade and expanding exports
On the sidelines of Brcis, a separate working visit by Lavrov will take place to meet External Affairs Minister Jaishankar and other Indian officials
Asian nations are increasingly competing for Russian crude oil as an energy crisis mounts amid the month-old war by the US and Israel against Iran, which has choked off roughly a fifth of the world's oil supply. Much of the oil from the mostly shut Strait of Hormuz was headed for Asia, hit hardest by recent energy shocks. Over the weekend, Iran-backed Houthi rebels entered the conflict, further threatening shipping. To shore up global crude oil supplies, the US has temporarily eased sanctions on Russian oil shipments already at sea - first for India, then for the rest of the world. Demand is rising in Asia while Russia is raking in billions of dollars. But experts say there is a limit to how much Moscow can boost its exports of crude oil, which is unrefined petroleum needed to make fuels like gasoline and diesel, and it is already exporting at a level close to its previous peak. In addition, Russia's 4-year-old full-scale invasion of Ukraine and recent drone attacks on its energy .
Discussions covered a wide range of issues, including bilateral cooperation as well as regional and global developments of mutual interest, and reviewed the entire gamut of India-Russia relations
India and Russia on Monday explored ways to further expand their already close strategic partnership against the backdrop of the West Asia crisis and its economic fallout. The escalating conflict in West Asia is learnt to have figured prominently in Russian Deputy Foreign Minister Andrey Rudenko's meetings in New Delhi including with External Affairs Minister S Jaishankar. "Good to meet Deputy Foreign Minister Andrey Rudenko of Russia. Spoke about further advancement of our wide-ranging cooperation. As well as regional and global developments," Jaishankar said on social media. People familiar with the meeting said the crisis in West Asia figured in the discussion. Rudenko also co-chaired India-Russia Foreign Office Consultations along with Foreign Secretary Vikram Misri. "Both sides reviewed the full spectrum of Special and Privileged Strategic Partnership and shared perspectives on bilateral, regional and global issues of mutual interest," External Affairs Ministry spokesperson .
Delhi and Moscow are deepening their energy cooperation, with both sides agreeing to prepare for Russia to resume direct sales of LNG for the first time since the start of the Ukraine war
Iran's foreign minister mocked Washington's policy reversal after the US granted a short-term waiver allowing Indian refiners to resume imports of Russian crude amid energy market disruption
US Ambassador Sergio Gor said India's ongoing Russian oil purchases are helping stabilise global oil markets amid volatility triggered by the escalating West Asia conflict
There's around 15 million barrels of Russian crude on tankers in the Arabian Sea and the Bay of Bengal, while vessels carrying another 7 million are idling near Singapore
Move comes months after President Donald Trump slapped tariffs on Indian goods in a bid to pressure Prime Minister Narendra Modi's government to abandon energy purchases from Russia
State-run HPCL resumes Russian oil purchases after a three-month gap, booking two discounted cargoes as Moscow's share in India's crude imports shows signs of rising again