Page 16 - India Russia

'India, Russia central banks renew talks to expand local currency trade'

The discussions between the two central banks involve setting a reference rate between two local currencies for trade instead of determining the value of currencies against the US dollar

Ukraine advancing deeper into Russia, says Zelenskyy as battle intensifies

Ukraine has carved out a slice of the Russian border region of Kursk and though Putin said the Russian army would push out the Ukrainian troops

India, Russia explore dynamic rupee-rouble rate to overcome trade issues

RBI deputy governor T Rabi Sankar and top officials of some public sector banks are visiting Moscow for a meeting of the India-Russia Joint Business Council for banking and finance

Awaiting release of 69 Indians from Russian army, says Jaishankar in LS

External Affairs Minister S Jaishankar on Friday said the government is awaiting the release of 69 Indians recruited into the Russian army and that in many cases there are indications that the Indian nationals were misled. Speaking in the Lok Sabha, the minister also said the government has taken up seriously the issues of recruitment of Indian nationals into the Russian army and cyber crime trafficking of nationals to South East Asian countries. There are a total of 91 cases so far of Indian nationals being recruited in the Russian army. Out of them, eight have passed away, 14 have been discharged or sent back, and the release of 69 nationals is awaited, Jaishankar said during the Question Hour. "We take this issue very very seriously... I have myself raised it many times with the Russian foreign minister," he said and added that Prime Minister Narendra Modi also took up the issue during his meeting with Russian President Vladimir Putin last month. The minister said the problem is

Russia's 'nuclear doctrine' governing use of atomic weapons. What is it?

Since Russia invaded Ukraine in 2022, President Vladimir Putin and other Kremlin voices have frequently threatened the West with its nuclear arsenal. On Day 1 of the war, Putin said whoever tries to impede us, let alone create threats for our country and its people, must know that the Russian response will be immediate and lead to consequences you have never seen in history. Over nearly 2 1/2 years of fighting, the West has given Ukraine billions of dollars of advanced weapons, some of which have struck Russian soil. And while there have been more Kremlin threats and even the deployment of battlefield nuclear weapons in Belarus, just over the border from Ukraine so far it has remained only a blunt message. What could finally trigger a nuclear response? Asked that in June by international news agencies, Putin pointed to Russia's so-called nuclear doctrine. Look what is written there, he said at the St. Petersburg session. If somebody's actions threaten our sovereignty and territo

Russian oil prevails in India's July imports despite refinery shutdowns

Low discounts fail to impact pecking order; continuing reliance on Russian supplies helps prop up GRMs of refiners

Quad meet: EAM Jaishankar holds talks with US Secy Blinken in Tokyo

External Affairs Minister S Jaishankar on Sunday held "wide-ranging" talks with his American counterpart Antony Blinken against the backdrop of an unease in India-US ties following Prime Minister Narendra Modi's visit to Russia three weeks back. Both Jaishankar and Blinken are in Tokyo to attend a meeting of foreign ministers of four-nation grouping Quad or Quadrilateral coalition. The talks between the external affairs minister and the US secretary of state also came amid Washington consistently seeking accountability from New Delhi in the case relating to the alleged foiled plot to kill Sikh extremist Gurupatwant Singh Pannun in New York. It is not immediately clear whether Prime Minister Modi's visit to Russia and the murder-for-hire plot figured in the Jaishankar-Blinken talks. In a post on 'X', Jaishankar said he and Blinken had a wide-ranging discussion on regional and global issues. "Great to catch up with @SecBlinken in Tokyo today," he said. "Our bilateral agenda progres

Russia Navy Day: President Putin greets Navy personnel onboard INS Tabar

The tradition to hold the Main Naval Parade in St Petersburg is "to honour glorious victories of the Navy that made a substantial contribution to defending the Fatherland" emerged in 2017

India, Ukraine explore possibility of PM Modi's visit to Kyiv next month

India and Ukraine are looking at the possibility of a visit by Prime Minister Narendra Modi to Kyiv next month amid renewed global efforts to bring peace to the eastern European nation, multiple diplomatic sources said on Saturday. Modi might visit Kyiv around the Ukrainian National Day on August 24 and is expected to travel to Poland after concluding the trip to Ukraine, the sources said. The prime minister held talks with Ukrainian President Volodymyr Zelenskyy last month on the sidelines of the G7 Summit in Italy's Apulia. If Modi travels to Poland, it would be the first by an Indian prime minister to that country in more than four decades. India and Ukraine are looking at Modi's visit to Kyiv in the later half of August, the sources said, adding that there is no finality on the trip yet as massive preparations would be required in terms of logistics and related issues. The prime minister's two-nation visit might begin around August 23-24, the sources said. There is no officia

Indian Embassy in Moscow to help Air India passengers stuck in Krasnoyarsk

The statement said that the Indian officials will stay on the ground till the replacement plane arrives and takes all the passengers

Local currency trade, exports, FTA will boost India-Russia commerce: GTRI

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

India flagged concerns with Russia over non-tariff barriers: Commerce secy

The trade between both countries expanded rapidly over the last two financial years

India seeks to boost exports to Russia after PM Modi's Moscow trip

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

Ukraine's Zelenskyy takes his case for military aid to US state governors

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 .

Business as usual: Indian companies stay put in sanctions-hit Russia

Two countries commit to raise bilateral trade to $100 bn by 2030 as war in Ukraine continues

Amid high trade, India-Russia ties slow on investments, remittances

New trade target of $100 billion

Indian refiners likely saved at least $10 bn due to discounted Russian oil

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

India, Russia target $100 billion bilateral trade by 2030, FTA with EAEU

Peace talks do not succeed in the midst of bombs, guns, and bullets: PM Narendra Modi

News updates: Tomato rates surge to Rs 90 per kg in Delhi markets as supplies hit due to rains

From Prime Minister Narendra Modi's Russia visit to Mumbai rain mayhem, stay with us for all news updates from across the globe

Heart-wrenching if innocent kids die: PM Modi's message to Putin on Ukraine

PM Modi's remarks came a day after a children's hospital in Kyiv was struck amidst a wave of Russian attacks