Page 2 - India Russia

India, Russia discuss training Indians for employment in Russian companies

Speaking at the 25th India-Russia Intergovernmental Commission session, First Deputy PM Denis Manturov also shared plans for areas where the two nations would explore future collaboration

SPIEF plays key role in increased Russia-India trade: Director Valkov

Forum director emphasises 'big potential' of rupee-rouble trade between both nations

Russia's first deputy PM Manturov calls on Modi; discusses trade, energy

Russia's First Deputy Prime Minister Denis Manturov called on Prime Minister Narendra Modi on Monday and the two leaders exchanged views on enhancing cooperation in various areas, such as trade and economic ties, energy and connectivity. PM Modi welcomed the sustained and joint efforts being made by the teams on both sides for the implementation of decisions taken during his recent visits and meetings with Russian President Vladimir Putin to further strengthen the India-Russia Special and Privileged Strategic Partnership, a statement issued by the Prime Minister's Office (PMO) said. They exchanged views on enhancing cooperation in various areas, including trade and economic ties, energy and connectivity, it said. PM Modi extended his warm greetings to President Putin and said that he looked forward to continued exchanges with him, according to the statement. In a post on X after the meeting with Manturov, Modi said, "Glad to meet Russia's First Deputy PM Denis Manturov today. Happy

Urgent measures needed to reduce trade imbalances with Russia: Jaishankar

External Affairs Minister S Jaishankar on Monday called for "urgent" measures to address the issue of widening trade deficit between India and Russia. While India's exports to Russia stood at only USD 2.24 billion in April-August this fiscal, imports soared to USD 27.35 billion during the period. The trade deficit is aggregated at USD 25.11 billion. The high trade deficit is mainly on account crude imports. Russia emerged as India's biggest supplier of crude oil, which is converted into fuels like petrol and diesel in refineries, after Russian oil was available on discount following some European nations shunning purchases from Moscow over its invasion of Ukraine in February 2022. Addressing the India-Russia Business Forum here, Jaishankar also pitched for removal of non-tariff barriers and regulatory impediments to help improve the trade balance with Russia. "The balance of trade needs urgent redressal since it is so one-sided. It is imperative that non-tariff barriers and regula

India targets $100 billion trade with Russia by 2030: EAM Jaishankar

Speaking at the India-Russia Business Forum in Mumbai, External Affairs Minister S Jaishankar emphasized key areas for collaboration to strengthen bilateral relations

Amid delays, India to receive its 1st guided-missile warship from Russia

The multi-role frigate, weighing nearly 4,000 tonnes, will soon be handed over to an Indian crew of over 200 officers and sailors stationed at the Yantar Shipyard in Kaliningrad

Russia's First Dy PM to visit India for discussing economic cooperation

Manturov will participate in the plenary session of the Russian-Indian Business Forum in Mumbai on November 11, where the focus will be on expanding economic and business cooperation

Russian oil finds way to Europe; India now biggest exporter of fuel to EU

India's export of fuels like diesel to the European Union jumped 58 per cent in the first three quarters of 2024, with a bulk of them likely coming from refining discounted Russian oil, according to a monthly tracker report. The EU/G7 countries in December 2022 introduced a price cap and an embargo on the imports of Russian crude oil in a bid to cripple Kremlin's revenue and create a vacuum in its funding for the invasion of Ukraine. However, a lack of a policy on refined oil produced from Russian crude meant that countries not imposing sanctions could import large volumes of Russian crude, refine them into oil products and legally export them to the price-cap coalition countries. India has become the second biggest buyer of Russian crude oil since the invasion, with purchases rising from less than one per cent of the total oil imported in the pre-Ukraine war period to almost 40 per cent of the country's total oil purchases. The rise was primarily because Russian crude oil was ...

India deserves to be in list of global superpowers: Vladimir Putin

India deserves to be included in the list of global superpowers as its economy is currently growing faster than in any other country, Russian President Vladimir Putin has said. Addressing the plenary session of the Valdai Discussion Club in Sochi on Thursday, Putin also said Russia is developing relations with India in all directions and there is a great degree of trust in bilateral ties. "India should undoubtedly added to the list of superpowers, with its billion-and-a-half population, the fastest growth among all economies in the world, ancient culture and very good prospects for further growth," he said. Calling India a great country, Putin said: "We are developing relations with India in all directions. India is a great country, now the largest in terms of population: 1.5 billion people, plus 10 million every year. " He said India is leading the world in economic growth. "Our vision of where and at what pace our relations will develop is based on today's realities. The volume

Sino-India pact on border issue positive development: Russian envoy

Russian envoy to India Denis Alipov Monday termed the Sino-India pact on the border issue a positive development in bilateral ties and welcomed the meeting between Prime Minister Narendra Modi and Chinese President Xi Jinping on the sidelines of the BRICS summit in Kazan. Asserting that the recently concluded BRICS summit in the Russian city of Kazan was a "total success", he said the grouping is "not an exclusive but an inclusive platform". "BRICS is not anti-West but non-West," Alipov said during an interaction with reporters here. To a question on the Sino-India pact on border issues, he said, "It is a positive development in India-China bilateral ties." On October 23, Prime Minister Narendra Modi and Chinese President Xi Jinping endorsed the agreement on patrolling and disengagement along the Line of Actual Control (LAC) in eastern Ladakh during their bilateral meeting on the sidelines of the BRICS Summit. Asked about the meeting between Modi and Xi, the Russian envoy to India

'Necessary for India to settle relationship with Russia': Ambassador Alipov

While addressing challenges to this mechanism, he noted that both countries are working towards making bilateral payments more feasible despite financial hurdles

India supports dialogue and diplomacy, not war: PM Modi at Brics summit

India supports dialogue and diplomacy and not war, Prime Minister Narendra Modi said at the BRICS Summit here on Wednesday, in an unambiguous message calling for resolution of the Russia-Ukraine conflict through peaceful negotiations. In his address, Modi flagged concerns over pressing challenges such as wars, economic uncertainty, climate change and terrorism and said the BRICS can play a positive role to take the world in the right path. "We support dialogue and diplomacy, not war. And just as we were able to overcome a challenge like COVID together, we are certainly able to create new opportunities to ensure a secure, strong and prosperous future for future generations," he said. The summit was attended by top leaders of BRICS nations, including Russian President Vladimir Putin and his Chinese counterpart Xi Jinping. The prime minister also batted for concerted global efforts to deal with terrorism and that there must not be any "double standards" in fighting the menace. "In or

PM Modi invites Putin to India for 2025 India-Russia Annual Summit

PM Modi and Putin exchanged views on India-Russia engagement in multilateral fora, in particular in BRICS, according to the press release. They also shared views on key regional and global issues

Putin hosts global south leaders at Brics summit to counter western clout

China's Xi Jinping, Prime Minister Narendra Modi and other world leaders arrived on Tuesday in the Russian city of Kazan for a summit of the BRICS bloc of developing economies that the Kremlin hopes to turn into a rallying point for defying Western influence in global affairs. For Russian President Vladimir Putin, the three-day meeting also offers a powerful way to demonstrate the failure of US-led efforts to isolate Russia over its actions in Ukraine. Kremlin foreign affairs adviser Yuri Ushakov called it the largest foreign policy event ever held by Russia, with 36 countries attending and more than 20 of them represented by heads of state. The alliance that initially included Brazil, Russia, India, China and South Africa has expanded rapidly to embrace Iran, Egypt, Ethiopia, the United Arab Emirates and Saudi Arabia. Turkiye, Azerbaijan and Malaysia have formally applied to become members, and a few others have expressed interest in joining. Observers see the BRICS summit as par

Russian submarine Ufa docks in Kochi, welcomed by Navy for business call

Notably, India has longstanding and wide-ranging cooperation with Russia in the field of defence

Russian military discharged 85 Indians, efforts to release 20 more

Eighty-five Indian nationals have been discharged from the Russian military so far and efforts are on to secure the release of 20 more Indians, Foreign Secretary Vikram Misri said on Monday. The Indian side is expected to take up the issue of discharge of the remaining Indians when Prime Minister Narendra Modi holds a bilateral meeting with Russian President Vladimir Putin on Tuesday on the margins of the BRICS Summit in the Russian city of Kazan, people familiar with the matter said. Modi had strongly raised the issue of early discharge of the Indian nationals working in the Russian Army during his talks with Putin in Moscow in July. The Indian side is in "very close touch" with interlocutors in the foreign and defence ministries of Russia on the issue of Indians "who were, illegally or otherwise, contracted into fighting in the Russian Army", Misri said at a media briefing on Modi's visit to Russia for the BRICS Summit. The prime minister will leave for Kazan on Tuesday ...

India brings great value to Brics: Foreign secy Misri ahead of 16th summit

The remarks by Misri came while addressing a media briefing on Prime Minister Narendra Modi's upcoming Russia visit for the 16th BRICS summit

Common Brics currency will take time, need cautious approach, says Putin

Russian President Vladimir Putin has said the time has not come yet for a common BRICS currency but added that the 10-nation bloc is exploring the use of digital currencies in mutual trade and investments for which his country is working with India and other nations. Advocating a cautious approach in creating a new reserve currency due to differences in the structure and quality of the economies of the BRICS member states, Putin said these countries should focus on the use of the national currencies, new financial instruments and the creation of an analogue of SWIFT. At this point of time it (a BRICS currency) is a long term prospect. It is not under consideration. BRICS will be cautious and act gradually, move slowly. The time has not come yet, Putin told a select group of senior editors from the BRICS member states at a media interaction on Friday at his official residence in Novo-Ogaryovo, about 50 km from Moscow. The Russian strongman's remarks came in reply to a question about

India-Russia co-chair 10th session on Modernisation, Industrial Cooperation

Under the Strategic Partnership, several institutionalized dialogue mechanisms operate at both political and official levels to ensure regular interaction and follow-up on cooperation activities

Urged Centre to bring body of MP student from Russia: CM Mohan Yadav

The Madhya Pradesh government has requested the Centre to bring back the body of a student from the state who died in an accident in Russia, said Chief Minister Mohan Yadav on Saturday. Yadav said the state government has written to the Ministry of External Affairs, seeking necessary assistance. Madhya Pradesh government started efforts to bring back the body of Kumari Shrishti Sharma, who was studying in Russia, to India, Yadav said in a post on X. He said the state's home department has urged the foreign ministry to help in getting the body of Shrishti Sharma, daughter of Ram Kumar Sharma. Shrishti, a resident of Maihar district, died recently in a road accident in Russia. The state is ready to provide all possible assistance to the family and every effort is being made to bring back the body to her hometown quickly, Yadav said.