Page 18 - India-russia Ties

Imports from Russia up 67% in Apr-Sep on higher shipments of oil: Govt data

India's imports from Russia rose by about 67 per cent to USD 30.42 billion during the April-September period this fiscal on higher shipments of crude oil and fertiliser, according to the commerce ministry data. With this, Russia has become India's second-largest import source during the first half of this fiscal. The imports were USD 18.24 billion during April-September 2022. From a market share of less than 1 per cent in India's import basket before the start of the Russia-Ukraine conflict, Russia's share of India's oil imports rose to over 40 per cent. India, the world's third-largest crude importer after China and the United States, has been buying Russian oil that was available at a discount after some countries in the West shunned it as a means of punishing Moscow for the invasion of Ukraine. The ministry's data showed that imports from China dipped to USD 50.47 billion during the period against USD 52.42 billion in the same period last year. Similarly, imports from the US .

PM Modi, Russian President Putin may hold summit this year: Indian envoy

"This is being discussed. Discussions are ongoing at a high level," India's ambassador to Moscow Pawan Kapoor said

Moscow ready to welcome Indian travellers with improved infrastructure

Russia is making an active bid to attract Indian travellers to visit Moscow -- a huge megalopolis and the historical, political and spiritual heart of the Russian Federation. The Moscow City Tourism Committee is promoting the city not only as a cultural capital but also as a business hub as it plans to onboard trade partners, tourists and vacationers. Moscow has also strengthened cooperation with the tourism sectors of allied nations, hosting familiarization tours for delegates and arranging business trips to showcase the city's tourism potential. To accommodate visitors, Moscow is improving its infrastructure: signs are now available in English and Chinese, all announcements on public transport are repeated in English, and hotels are also adapting to cater to the needs of guests from various countries and ensure a comfortable stay. "We are still on our way to restore the flow of Indian tourists in Moscow like it used to be before the pandemic," said Bulat Nurmukhanov, Head of ...

India to offer Russia to invest trapped rupees, says Sergei Lavrov

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

'Every country has right to...': WH official on India buying Russian oil

This remark came upon the query being asked about India buying oil from Russia could be one of the agenda of US President Joe Biden's discussion with Prime Minister Narendra Modi

Putin will not personally attend G20 summit in India: Kremlin spokesman

Russian President Vladimir Putin will not personally attend the G20 summit to be held in New Delhi on September 9-10, Kremlin Spokesman Dmitry Peskov announced here on Friday. "No, the president has no such plans, the official Tass news agency quoted the Kremlin spokesman as saying. The format of Putin's participation would be determined later, Peskov said. Putin did not personally attend the just-concluded BRICS Summit in Johannesburg. He was represented by Russian Foreign Minister Sergey Lavrov. President Putin decided against attending the first in-person BRICS summit after Covid-19 as the International Criminal Court (ICC) issued an arrest warrant for him in March over an alleged scheme to deport Ukrainian children to Russia. South Africa is an ICC signatory and was expected to help in Putin's arrest if he was present in the country.

Japan is next country to shoot for Moon after India and Russia missions

As Japanese entrepreneurs try to build their space startups, they're getting some support from JAXA

BPCL still in talks with Rosneft for Russian oil deal, discounts narrow

Reuters last month reported that BPCL is in talks to buy up to 6 million metric tons of Russian oil under a term deal with Rosneft

Need to ensure our interest is best served: Jaishankar on Ind-Russia trade

EAM Jaishankar said on Monday that India should keep its relationship with Russia going and see how the interest of the Indian people is best served

India's oil imports from Russia climb to new peak as buying limit nears

Daily volumes climbed to 2.2 million barrels a day in June, rising for a 10th month, according to Viktor Katona, the head of crude analysis at Kpler

Drones hit Moscow buildings, several downed on approach, says officials

It was not immediately clear who launched the drones

Russia pushes India for help to avert its global financial isolation

Many countries in the so-called Global South including India have stayed mostly neutral over Russia's aggression against Ukraine. That balancing act was on display at a Group of Seven summit in Japan

India, Russia suspend negotiations to settle trade in rupees: Report

India and Russia have suspended efforts to settle bilateral trade in rupees, after months of negotiations failed to convince Moscow to keep rupees in its coffers

How Russian oil is still powering Europe's cars with help from India

Europe's refined fuel imports from India are set to surge above 360,000 barrels a day, edging just ahead of those of Saudi Arabia, Kpler's data show

India unlikely to look at Russia as secure friend: Congressman Ro Khanna

India is unlikely to look at Russia as a "secure" friend, given Moscow's closer ties with Beijing in the wake of the raging war in Ukraine, a top Indian-American Congressman has said. Congressman Ro Khanna told a group of reporters over a luncheon interaction on Tuesday that the goal of Indian Americans in the US Congress should be to strengthen the relationship. "I don't think that given the closer ties between Russia and China, India would look to Russia as a secure friend to hedge against the invasion, potentially, of its border in Asia, and that they (Indians) know the United States would be a more trusted partner for that objective, he said. It is in India's interest to align more firmly with the US in terms of the "best hedge" against China, he said, adding that it has been a significant factor in Indian foreign policy. External Affairs Minister S Jaishankar has been clear that that doesn't mean they will march lockstep with our interests in the United States, but they want t

Behind the 'Russia tilt'

Unpacking India's 'national interest', more than a year after the invasion

Indian business delegation to visit Russia to explore agri exports

The exporters expect to sign deals for selling a wide range of products including tea, sugar, coffee, dairy, meat, and marine products, the official said

India's trade deficit with Russia grows seven-fold to $34.79 billion

MIND THE GAP: Ever-growing trade gap due to consistent rise in imports from Russia after its stand-off with Ukraine

FM Sitharaman, Russian Dy PM Manturov discuss economic cooperation

Union Finance Minister Nirmala Sitharaman on Tuesday held a meeting with Russian Deputy Prime Minister Denis Manturov in New Delhi. The two leaders exchanged views on strengthening economic and financial cooperation in to promote bilateral investment and trade.The Ministry of Finance in a tweet said, "Union Finance Minister Smt. @nsitharamanmet Mr. Denis Manturov, Deputy Prime Minister and Minister of Industry & Trade of the Russian Federation, today, at New Delhi."In another tweet, the Ministry of Finance stated, "Both Ministers exchanged views on strengthening economic and financial cooperation in areas of mutual interests to promote bilateral investment and trade."Denis Manturov, who is also Russia's Minister of Industry and Trade on Monday arrived in New Delhi to co-chair the Intergovernmental Russian-Indian Commission.On Tuesday, Russian Deputy Prime Minister Denis Manturov and External Affairs Minister S Jaishankar attended the 24th meeting of the Intergovernmental ...

'No impunity': G7 vows tough, unified stance on Russia-Ukraine war

Top diplomats from the Group of Seven wealthy democracies vowed a unified front against Chinese threats to Taiwan and Russia's war of aggression in Ukraine, saying at the close of their meetings Tuesday that they were committed to boosting and enforcing tough sanctions against Moscow. The G-7 communique laying out their commitments also included strong words over an unprecedented run of North Korean missile tests. But it was China's growing assertiveness in Asia and Russia's invasion of Ukraine that highlighted the three-day summit hosted by Japan in this hot springs resort town. There can be no impunity for war crimes and other atrocities such as Russia's attacks against civilians and critical civilian infrastructure, the ministers said. We remain committed to intensifying sanctions against Russia, coordinating and fully enforcing them, the communique said, and would support for as long as it takes" Ukraine as it defends itself. The foreign ministers' communique was prepared as a