Russian President Vladimir Putin on Thursday in the Kremlin received the Indian Minister for External Affairs, Dr. Subrahmanyam Jaishankar. The meeting was followed by an earlier discussion between Dr. Jaishankar and his Russian counterpart Sergei Lavrov in Moscow.
Diplomatic engagement comes at the time of increased control over the growing import of Russian oil in India. Despite geopolitical pressures and repressive tariffs stored by the United States of India and Russia, they reaffirmed their obligation to deepen two -sided business relations.
At a joint press conference, Russian Foreign Minister Lavrov commented on satisfaction with ongoing cooperation in the energy sector and emphasized the Indian increasing income of Russian oil and joint companies in the field of resource mining.
“We have good results in cooperation in the hydrocarbon sector, in the offer of Russian oil on the Indian market. And we are interested in the implementation of joint projects for extraction of energy sources, including the Russian Federation – in the Far East and the Arctic Warehouse,” Lavrov said.
India remained perennial in the defense of its energy transactions with Russia and described them as pragmatic and economically controlled. Western nations, in particular the United States and members of the European Union, criticized India to the alleged help of Russia’s war efforts in Ukraine through these purchases. However, the new Delhi consistently rejected such a claim and accused Western power of “double standards”, given their continuing economic negotiations with Moscow.
In response to growing oil imports in India from Russia, the United States recently imposed increased tariffs on Indian goods – supposedly reaching up to 50% – among which they achieved them among the most significant obligations. However, economic retaliation seemed that both Indian and Russian officials seemed to be economic.
Dr. Jaishankar, who spoke at a press conference, reflected the historical resistance of relationships in India-Russia:
“The relations between the two countries have been among the most positive nations in the world since World War II,” he said, referring to a permanent friendship that returned to the Soviet era.
The Indian Ministry of Outside has published a statement confirming that both countries reaffirmed their intention to further expand bilateral trade. Special emphasis was placed on growing Indian exports to the Russian market, which in recent years lagged behind imports.
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