4 neighbouring countries, Iran, Russia trading in INR with India: Govt
With Russia, India has initiated "rupee trade mechanism" for trade in INR; with Iran, bilateral trade payments arrangement was adopted in 2018, says govt
india russia trade
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Russia’s share in India’s crude oil imports soars to 19% in FY23
Country-wise crude oil import data shows Russia gaining the biggest share of the crude pie in FY23
India has $5 bn new export opportunity in Russia: FIEO
“With Europe maintaining sanctions on Russia, we expect the trade to divert from Russia to India,” says A Shakhtivel, President, FIEO.
Russia now accounts for 18% of India’s crude imports; up from 1%
In the past 100 days, India has emerged among the top 10 importers of Russian fossil fuels, with China replacing Germany as the biggest importer of Russian oil, shows a CREA report.
