The statement said that the Indian officials will stay on the ground till the replacement plane arrives and takes all the passengers
Steps such as increasing exports, making local currency trading workable and a free trade agreement with the Eurasian Economic Union will help boost trade between India and Russia, think tank GTRI said on Thursday. India should not worry over the trade deficit, as it is getting crude petroleum oil at cheaper than market rates from Russia and it is also cutting India's overall oil import bill, the Global Trade Research Initiative (GTRI) said. Since the Ukraine war began in February 2022 and the US imposed sanctions on Russia, the trade relationship between India and Russia has shifted significantly. There has been a sharp increase in imports from Russia, resulting in a notable trade imbalance. Exports during the financial year 2020-21 and 2023-24 grew by 59 per cent, while imports surged by about 8,300 per cent, the report said, adding the trade deficit rose from USD 2.8 billion before the war in 2020-21 to USD 57.2 billion at present. It said that the import surge is solely due to
The trade between both countries expanded rapidly over the last two financial years
Surging Russian exports to India accounted for $61.43 billion of the $65.7 billion in trade between the two countries in the last fiscal year that ended in March
Away from Washington, Ukrainian President Volodymyr Zelenskyy sought to broaden support for US military aid by telling state governors Friday the world's leaders should see for themselves the carnage wrought since Russia invaded his country more than two years ago. Zelenskyy's plea at the National Governors Association summer meeting in Salt Lake City came days after NATO leaders met in the US capital and pledged more help for Ukraine. The only thing we ask for is sufficient support air defence systems for our cities, weapons for our men and women on the frontline, support in protecting normal life and rebuilding, Zelenskyy told the governors. This is all we need to withstand and drive Russia from our land and to send a strong signal to all other potential aggressors which are watching. NATO members this week agreed to a new programme to provide reliable military aid to Ukraine and prepare for its eventual membership in the alliance. They declared Ukraine was on an irreversible .
Two countries commit to raise bilateral trade to $100 bn by 2030 as war in Ukraine continues
New trade target of $100 billion
Russia started offering its crude at discounted prices after the Western nations imposed cuts on their oil imports from Moscow in a bid to put pressure on the Russian economy over the Ukraine war
Peace talks do not succeed in the midst of bombs, guns, and bullets: PM Narendra Modi
From Prime Minister Narendra Modi's Russia visit to Mumbai rain mayhem, stay with us for all news updates from across the globe
PM Modi's remarks came a day after a children's hospital in Kyiv was struck amidst a wave of Russian attacks
PM Modi stated that people feel India is changing when they come from abroad to the country. He said that people from abroad can clearly witness transformation in India
Prime Minister Modi and Russian President Putin are set to hold key bilateral talks in Moscow today to discuss a wide range of issues as part of the 22nd India-Russia annual summit
Prime Minister Narendra Modi on Tuesday described Russia as India's "all-weather friend" and hailed President Vladimir Putin's leadership in strengthening the bilateral relationship over the past two decades. The Prime Minister's praise of Putin, during an address to the Indian diaspora here, came amid attempts by Western powers to isolate the Russian leader over the war in Ukraine. "On hearing the word Russia, the first word that comes to mind of every Indian is India's all-weather friend (sukh-dukh ka saathi) and a trusted ally, Modi said. No matter how low the temperature dips below minus during Russian winter, India-Russia friendship has always remained in 'plus', it is full of warmth. This relationship is built on the strong foundation of mutual trust and mutual respect, the Prime Minister said. Modi said he had a special appreciation for his friend President Putin for steering India-Russia friendship to greater heights over the last two decades. The Prime Minister said for a
The Indian side's remarks came shortly after the United States expressed concerns about the conflict in Ukraine, as Modi began his trip to Russia on Monday to meet President Vladimir Putin
Modi could even - and probably should - push his Russian interlocutors to make serious efforts to end the war
India is a strategic partner with whom it engages in a full and frank dialogue, the United States said on Monday as Prime Minister Narendra Modi held a bilateral meeting with Russian President Vladimir Putin in Moscow. "India is a strategic partner with whom we engage in a full and frank dialogue. And that includes our concerns about their relationship with Russia," State Department Spokesperson Matthew Miller said. He was responding to questions on Modi's Moscow visit for bilateral talks with Putin. "We did just see Modi, like (Hungarian Prime Minister Viktor) Orban, meet with (Ukrainian) President (Volodymyr) Zelenskyy. We thought that was an important step to take. And we would urge India, as we do any country when it engages with Russia, to make clear that any resolution to the conflict in Ukraine needs to be one that respects the UN charter, that respects Ukraine's territorial integrity, Ukraine's sovereignty," Miller said. "I will look to Prime Minister Modi's public remarks
Russian President Vladimir Putin on Monday night welcomed Prime Minister Narendra Modi at his official residence at Novo-Ogaryovo for a "private engagement" during which he praised the visiting Indian leader for the work he has done for the country's progress. I would like to congratulate you on your reelection as prime minister. I think this is not an accident, but the result of your work over many years, Putin told Modi as they held an informal meeting in a residence outside Moscow. You have your own ideas. You are a very energetic person, able to achieve results in the interests of India and the Indian people, Putin said. The result is obvious. India firmly ranks as the world's third-largest economy, Putin was quoted as saying by the state-run Tass news agency. Putin said Prime Minister Modi has devoted his entire life to serving his people and they can feel it. As the two heads of state held an informal meeting over a cup of tea at the official residence outside Moscow, Modi .
PM Modi greeted members of the Indian diaspora, who were outside The Carlton Hotel to welcome him, shaking hands and interacting with the children
Prime Minister Narendra Modi arrived here on Monday on a two-day high-profile visit to Russia during which he will hold summit talks with President Vladimir Putin to review all aspects of bilateral ties and explore opportunities to further boost cooperation in sectors like trade, energy and defence. It is Modi's first trip to Russia in nearly five years. His last visit to Russia was in 2019 when he attended an economic conclave in the Far East city of Vladivostok. During the 22nd India-Russia annual summit on Tuesday, Modi and Putin are expected to explore ways to further expand bilateral relations in diverse areas, including trade, energy and defence. "The special and privileged strategic partnership between India and Russia has advanced over the past 10 years, including in areas of energy, security, trade, investment, health, education, culture, tourism and people-to-people exchanges," Modi said in his departure statement. "I look forward to reviewing all aspects of bilateral ...