Page 20 - India Russia

Russia to renew Chennai-Vladivostok route; officials to visit Chennai

The maritime transport corridor from the port of Chennai to the port of Vladivostok functioned successfully in the Soviet era

Russia, India eying trade imbalance issue, diversification: Alipov

Russia is hopeful that India and China will be able to find ways to resolve differences on the border issue and normalise ties based on mutual respect of sensitive interests, Russian envoy Denis Alipov said on Monday. The ambassador, speaking at an event, touched upon various aspects of India-Russia engagement and noted that both sides are focusing on creating favourable conditions for mutual trade settlements, payment systems and insurance with a larger aim of boosting trade. "We are hopeful that India and China, as major civilisations possessing unique political wisdom, will find ways to achieve progress in the border issue and a normalisation of bilateral ties based on mutual respect of sensitive interests," Alipov said. The Indian and Chinese troops are locked in an over three-and-half-years confrontation in certain friction points in eastern Ladakh even as the two sides completed disengagement from several areas following extensive diplomatic and military talks. In his remarks

India cautious as West makes new plan for economic sanctions on Russia

US, EU could be moving to make it difficult for Russia to sell not only crude but other products

Russian crude oil cargoes head away from India amid payment issues

"China seems to have stepped in to save the idling Sokol cargoes," said Viktor Katona, lead crude analyst at data intelligence provider Kpler

India may see lower savings from Russian oil in 2024 as discounts dip

Russian imports accounted for 39% of India's overall crude imports last year from 16% in 2022

Western assets will meet same fate if Russian assets are seized: Kremlin

Leaders of the Group of Seven major industralised nations will discuss a new legal theory that would enable the seizure of frozen Russian assets when they meet in February

India to begin FTA talks with Russia-led economic bloc in Jan: Jaishankar

India, Russia to step up discussions on an investment pact, multiple connectivity routes

Russian President Putin to receive EAM Jaishankar today, says Kremlin

Russian President Vladimir Putin will meet India's External Affairs Minister S Jaishankar on Wednesday, the Kremlin has announced. "Tonight, the president plans to receive Mr. Jaishankar, India's foreign minister, Kremlin Spokesman Dmitry Peskov told reporters here. Jaishankar is here on a five-day official visit to Russia. Peskov noted that the top Indian diplomat had already met with his Russian counterpart Sergey Lavrov. According to the Kremlin spokesman, India is an important partner of Russia, so the ministers will talk about the contacts held and the course of their discussion. "It's always good to be in Moscow. So, I agree with you that our relationship has been very strong, very steady, and I think we have lived up to the responsibilities of a special and privileged strategic partnership," Jaishankar told Lavrov. On Tuesday, Jaishankar held a "comprehensive and productive" meeting with Deputy Prime Minister Manturov on the bilateral economic cooperation during which they

Indo-Russia ties very strong, very steady: Jaishankar as he meets Lavrov

External Affairs Minister S Jaishankar on Wednesday said that the relationship between India and Russia has been "very strong, very steady" as he met his Russian counterpart Sergey Lavrov to discuss bilateral cooperation in different spheres, the international strategic situation, conflicts and tensions. Jaishankar, who is on a five-day visit to Russia, in his opening remarks said that Prime Minister Narendra Modi and President Vladimir Putin have been in frequent contact. "Our relations have been very strong, very steady. And I think we have lived up to a special and privileged strategic partnership. This year we have already met six times, and this is our 7th meeting," he said, noting that forums like G20, the Shanghai Cooperation Organisation, ASEAN, and BRICS allowed many more and many regular contacts. During today's meeting, the two sides will focus on bilateral cooperation in different spheres, adjusting it to changing circumstances and demands, he said. "We will discuss the

India, Russia sign deal for future units of Kudankulam power plant in TN

Jaishankar is expected to hold talks with his Russian counterpart Sergei Lavrov on Wednesday, and the two ministers plan to discuss bilateral ties as well as the conflicts in Ukraine and Gaza

Jaishankar discusses multilateralism, regional conflicts during Russia trip

Jaishankar arrived in Moscow for a four-day visit to Russia from December 25-29. After he arrived in Moscow, Jaishankar said he looked forward to his engagements in Russia

External Affairs Minister Jaishankar arrives in Russia on five-day visit

External Affairs Minister S Jaishankar on Monday arrived in Moscow on a five-day visit to Russia during which he will hold talks with his counterpart and discuss various bilateral and global issues. "Arrived in Moscow. Look forward to my engagements," Jaishankar said in a post on X. During his visit, he will also travel to St. Petersburg. "The time-tested India-Russia partnership has remained stable and resilient and continues to be characterized by the spirit of the Special and Privileged Strategic Partnership," the Ministry of External Affairs (MEA) said in New Delhi on Sunday. The minister will meet Russia's Deputy Prime Minister and Minister of Industry and Trade Denis Manturov to discuss matters related to economic engagement. He will also hold talks with his Russian counterpart Sergey Lavrov for discussion on bilateral, multilateral and international issues. "Focusing on the strong people-to-people and cultural ties between our two countries, the external affairs minister's

External Affairs Minister Jaishankar to visit Russia from Dec 25-29

External Affairs Minister S Jaishankar will pay a five-day visit to Russia beginning Monday with an aim to discuss various bilateral and global issues. Jaishankar will travel to Moscow as well as St. Petersburg, the Ministry of External Affairs (MEA) said on Sunday, announcing the trip. External Affairs Minister S Jaishankar will visit Russia from December 25 to 29 as a part of the ongoing high-level exchanges between the two sides, it said. "The time-tested India-Russia partnership has remained stable and resilient and continues to be characterized by the spirit of the Special and Privileged Strategic Partnership," it said. The MEA said the external affairs minister will meet Russia's Deputy Prime Minister and Minister of Industry and Trade Denis Manturov to discuss matters related to economic engagement. Jaishankar will also hold talks with his Russian counterpart Sergey Lavrov for discussion on bilateral, multilateral and international issues, it added. " Focusing on the stron

India's Nov Russian oil imports hit 4-month high, up 3% from Oct: Report

Last month, India overall imported about 4.5 million bpd oil, a decline of about 4.5% from October and a growth of 13% over the same month last year, the data showed

Russia asks India to keep in mind old ties, help from Soviets in 1971

A high-ranking Russian official on Wednesday said India must keep in mind the old ties and the help Russia has rendered in the past. The comments have come against the backdrop of a senior US official visiting the country to discuss various issues. Maintaining that India has the right to pursue its own interests, Russia's Consul General in the financial capital Aleksei Surovtsev said Moscow will "appreciate" if India keeps certain facets of the Indo-Russian ties in mind. India should keep in mind the "great long-term friendly relationship" that dates back to even before the country's independence in 1947, Surovtsev told PTI on the sidelines of an event here. "Apart from that we definitely know great examples of this friendship such as 1971 when Soviet vessels were kind of behind backs of Indian army and fleet in the Bay of Bengal. So, this is definitely what we are hugely appreciating right now that India keeps this in mind," he added. Surovtsev was replying to a specific question

India's Russian oil imports seen rising on lower prices: Govt official

The Group of Seven large economies known as G7 and some other nations have imposed a ceiling of $60 per barrel for oil at Russian ports to cut Moscow's revenue seen as funding its war in Ukraine

India's oil imports from Russia rebound in November on Diwali demand

India has boosted purchases of Russian oil sold at a discount after imports from Russia were shunned by some Western countries following its invasion of Ukraine last year

In India, Russia calls for 'extra efforts' to overcome payment hurdles

Aiming at strengthening economic ties with India, Russia's envoy to India on Monday said payment problems hinder trade and there is a need for "extra efforts" from banks and exporters to overcome this hurdle. Denis Alipov, Russian Ambassador to India, said that the Vostro trade settlement mechanism (Rupee payment) did not work well. "Some extra efforts are needed by companies and banks to explore the conditions," he said. He, however, did not elaborate on what he meant by "extra efforts". In response to a question on the sidelines of an MCCI-organised interactive session, he emphasised the necessity for additional efforts from Indian banks and exporters to resolve this issue. Though he admitted that resolving the payment method would require much fine-tuning, Alipov said banks are willing to cooperate. On the defence deal for the advanced long-range surface-to-air missile defence system S-400, Alipov acknowledged delays but said supplies are on but in a new schedule. Sanctions l

Imports from Russia up 64% to $36.27 bn in Apr-Oct; crude, fertiliser tops

India's imports from Russia rose 64 per cent to USD 36.27 billion during the April-October 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 seven months of this fiscal. The imports were USD 22.13 billion during April-October 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 after some countries in the West shunned it as a means of punishing Moscow for invading Ukraine. The ministry's data showed that imports from China dipped marginally to USD 60.02 billion during the period against USD 60.26 billion in the year-ago period. Similarly, imports from the US declined 16 per cent to USD 24.89 billion

India-Russia new sea trade route plan in final stages of clearances

The Indian authorities have identified coking coal, crude, liquefied natural gas (LNG) and fertilisers as major commodities that will be traded in the route