Russia, India agreed to go ahead with trade in national currency: Russian diplomat
The Hindu
A day after Prime Minister Narendra Modi ended his two-day visit to Russia, Mr. Babushkin described the visit as ‘historic and game-changing’, and slammed the Western powers for supporting Ukraine
India and Russia have decided to establish a system for national currency settlement, Roman Babushkin, Chargé d’Affaires of the Russian Embassy, said on Wednesday.
A day after Prime Minister Narendra Modi ended his two-day visit to Russia, Mr. Babushkin described the visit as “historic and game-changing”, and slammed the Western powers for supporting Ukraine.
He described the recently concluded peace conference in Switzerland as a tamasha (charade). He said that Russia’s friendship with China should not be a cause of concern for India.
“Russia is the fourth largest trading partner of India and we have a very optimistic scenario that we will continue our successful and mutually beneficial partnership with India. The most important point of the Joint Statement was that we have decided to go ahead with the establishment of the national currencies settlement system,” Mr. Babushkin said, presenting an overview of the discussion between the Indian and Russian delegations in Moscow during the visit of Mr. Modi.
Mr. Modi visited Moscow on July 8 and 9 and held both delegation-level talks as well as one-on-one discussions with President Vladimir Putin. Mr. Babushkin said the discussions were focused on economic aspects as Russia’s trade with India has grown many times in the past two years especially because of the trade in energy that rapidly expanded after Western sanctions were imposed on Russia following the launch of the “special military operation” against Ukraine in February 2022.
Also read | Energy is vital pillar of cooperation: PM after exhibition visit in Moscow
The two leaders also discussed the issue of Indian nationals who were fraudulently inducted into the Russian fighting forces and deployed for action on the Russia-Ukraine border.
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