Lavrov said Russia is committed to maintaining the flow of trade with India notwithstanding the sanction regimes
On Wednesday, Ukrainian Foreign Minister Dmytro Kuleba told NDTV that India can use its influence with Russia to convince it to stop the war in Ukraine
India and China are the only major countries that have not condemned what Russia calls its "special military operation"
Sonowal further said payments have been affected due to blockage of SWIFT in Russia and insurance cover has been withdrawn
Lavrov categorically said Russia's aim in Ukraine is to deprive the Kiev regime from building the capacity to present any threat to Russia
India may end up testing US and European Union tolerance if it agrees to rupee-ruble trade using Russia's communication channel SPFS to move funds
Amid mounting sanctions on Russia for launching military operations in Ukraine, India in line with its old ties and friendly relations will allow Moscow to invest and borrow in the domestic market.
A significant increase in Russian oil imports by India could expose New Delhi to a "great risk" as the US prepares to step up enforcement of sanctions against Moscow, a senior official said
Since the start of the war, India has been facing pressure from the West and its allies to take a stronger stand against Russia
"India will import more items from Russia, especially if it is at a discount," one senior Indian government official said
The US and several Western countries have imposed crippling economic sanctions on Russia for its invasion of Ukraine
India should view Beijing's latest overtures with caution
India-Russia relations need careful handling
Russia's share of arm imports to India fell from 69 per cent in 2012-17 to 46 per cent in 2017-21, according to a report released on Monday by Stockholm-based defence think-tank SIPRI. Russia started a war against Ukraine on February 24, which led the US and other western countries to impose extremely harsh economic sanctions on the country. "Between 201216 and 201721 Indian arms imports decreased by 21 per cent. Despite this, India was the world's largest importer of major arms in 201721 and accounted for 11 per cent of total global arms imports in the period," the report noted. Russia was the largest supplier of major arms to India in both 201216 and 201721, but India's imports of Russian arms dropped by 47 per cent between the two periods as several large programmes for Russian arms wound down, said the report by the Stockholm International Peace Research Institute (SIPRI). This, combined with India's increased efforts to diversify its arms supplier base, meant that Russia's sha
An industry official said that as far as manufactured goods are concerned, Indian exporters can have an advantage over the supplies from Russia to European nations
This will allow Russian importers to pay in rubles and enable Indian exporters to do so in rupees
Even if Moscow relents and sells oil for rupees to India, European insurers may be reluctant to underwrite; in any case a bigger Russian tilt would involve a larger financial switch by New Delhi
Ukraine crisis will have consequences for the whole world, including for Russia-India relations, and the extent of its impact cannot be envisaged now, Russian Ambassador Denis Alipov said on Saturday.
The West's attempt to bring Vladimir Putin to heel by weaponising everything from aircraft spares to finance will have much wider repercussions, writes T N Ninan
Gains likely with working of a crucial corridor, revival of Rupee-Ruble trade and benefits for Indian insurers; setback for New Delhi's financial sector foray into Moscow