Russia intends to increase settlements with India in national currencies
Repik emphasized that so far the trade turnover between Russia and India has not even come close to the $30 billion bar that was set in 2014. The expert listed the production traded by the countries. These are raw materials and military equipment.
At the same time, India is a strategic partner for Russia, he noted. The parties have every chance to expand trade at the expense of consumer goods, as well as chemical and light industries.
On June 22, Russian President Vladimir Putin, while welcoming the participants of the BRICS Business Forum, said that chain stores from India were brought to the Russian market. The head of state did not specify which networks are in question.
Sekret Firmy asked experts which Indian retailers could start working in Russia and when this would happen. Their opinion can be read here.
On August 10, it became known that Indian companies, when buying Russian coal, are beginning to pay in yuan, Hong Kong dollars or Emirati dirhams. They avoid the American dollar so as not to be elected to themselves.
India has been actively purchasing Russian fuel since the start of the military operation, and the Russian Federation offers high discounts. However, in August the country’s oil imports from Russia by 18% are expected with the expected and by 24.5% by June. The Russian Federation fell to third place in the ranking of India’s oil exporting countries.
WEF-2022 takes place from 5 to 8 September in Vladivostok. The program of the VII Eastern Economic Forum includes more than 90 events, including panel sessions, round tables and business dialogues. The topic of the forum is “Towards a multipolar world.”
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