The Relationship Will Work On Positive Dynamics Of Trades

The relationship will work on positive dynamics of trades

Russia is set to strengthen its bilateral relationship with India. Russia's envoy Denis Alipov highlighted the strength of bilateral ties with India, saying the positive dynamics of trade between the two countries will continue despite the West's sanctions against Moscow.

During an interview with Sputnik News India, Alipov said there were certain difficulties with trade after the start of the Ukraine conflict but added that both countries have successfully overcome most of these barriers.

He said sanctions will throw up challenges but the cooperation will continue based on common interests.

"Unfortunately, in the first months after the launch of the special military operation in Ukraine, there were certain difficulties with supplying Russian goods to India and vice versa. However, today we have successfully overcome most of these barriers. We are confident that Indian exports to Russia (including science-intensive ones) will gain momentum shortly," he said.

Moreover, the Russian envoy stated that the goals outlined in December 2021 at the annual bilateral summit in New Delhi are fully consistent with the enormous potential of bilateral relations.

"The India-Russia partnership operates on all sorts of levels. We are expanding cooperation in communications, diamond processing, forestry, healthcare and pharmaceuticals, tourism, railroads, metallurgy, civil aviation, shipbuilding and oil refining. Our military and military-technical cooperation are being strengthened," he said.

The Russian ambassador said the dynamics of bilateral trade speak for themselves. "According to India's statistics, from January to April 2022, it amounted to USD 6.4 billion. This is almost twice as much as for the same period last year.

If we maintain these volumes throughout the year, we will have a turnover of more than USD 19 billion by the end of 2022. To put this in context, let me remind you that in the previous year we had an absolute record of USD 13.6 billion."