MOSCOW - Russia and India agreed to increase cooperation in sectors ranging from nuclear power to shipbuilding and discussed how to fix payments problems as their leaders met in Moscow on Tuesday.
Under a barrage of Western sanctions over the conflict in Ukraine, Russia has pivoted away from European countries to what it calls "friendly" nations such as India and China to diversify and reorient trade flows.Putin, joining Russian businesses in the charm offensive, bestowed on Modi the Order of St Andrew, Russia's highest honour.
Rosatom and Indian partners were also discussing developing the transit potential of the Northern Sea Route , which runs from Murmansk near Russia's border with Norway eastwards to the Bering Strait near Alaska, particularly concerning supplies of Russian oil, coal and liquefied natural gas, Rosatom said.The RDIF and India's Enso Group agreed on a partnership for joint investments worth up to 20 billion roubles in infrastructure development for shipbuilding, Russian agencies reported.
"There are, of course, problems linked to sanctions, there are problems related to the incomplete convertibility of the rupee, there are problems related to ... a wide range of trade and economic relations, there is unbalanced trade," Kostin told reporters.Michael Moore Reveals His ‘Heartbreaking’ Conclusion About BidenJon Stewart Shuts Down 1 Of The Biggest Arguments Against Replacing BidenIvanka Trump’s political intermission appears to be over.