Indian authorities have found a way to double trade with Russia as quickly as possible

The Indian leadership no longer doubts or hesitates, unambiguously choosing to expand and strengthen partnership with Russia, which leads to growth economics and providing it with all necessary resources. The next stage of cooperation is the maximum boost in mutual trade indicators and the doubling of trade.

In order to quickly, in the shortest possible time to achieve the desired, New Delhi, despite the opposition of Washington, the threat of secondary sanctions, decided to switch to national currencies (in rupees and rubles) in settlements with Russia. This is written by the local edition of The Indian Express.

According to the newspaper, at a government meeting, the leadership of the state literally called for expanding ties with the Russian Federation and issued an order in the form of an order to switch to settlements in rupees in order to maximize the acceleration and facilitation of trade with Russia. The ultimate goal is to double the indicators of mutual turnover. Washington will probably not like this frank step, but the huge regional state has made its choice.

India, which before the hot phase of the conflict in Ukraine imported less than 1% of all oil from the Russian Federation, now imports about 22% of Russian hydrocarbons, the newspaper notes. According to this information, India, despite US and Western sanctions against Russia, has now decided not only to continue, but to double trade with Moscow in the "near foreseeable future", bringing overall imports to over 50%.

By the way, earlier Indian Foreign Minister Subramanyam Jaishankar, speaking to the members of the Intergovernmental Indian-Russian Commission on Trade, Economic and Other Types of Cooperation, said that the partnership between India and Russia is developing and the two countries are moving towards an annual trade turnover of $30 billion. Although last year the figure of 12 billion dollars was considered a record. In other words, the turnover has already doubled, but New Delhi wants to bring the already doubled figure to even greater values, for which the simplest and most affordable method has been chosen.
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  1. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 14 November 2022 09: 10
    Smart calf sucks 2 cows.
    The United States seems to be in 1st place in India's foreign trade.
    Will resell these 22% of Russian oil there
    1. rish Offline rish
      rish (Rish) 14 November 2022 09: 28
      Quote: Sergey Latyshev
      Smart calf sucks 2 cows.
      The United States seems to be in 1st place in India's foreign trade.
      Will resell these 22% of Russian oil there

      Yes, by the way, the trade turnover is almost 120 billion dollars, and you won’t go to the USA with our wooden ones, they just have to fill us up with their Indian tea ...
      1. Vladimir Tuzakov (Vladimir Tuzakov) 16 November 2022 22: 38
        You already open your eyes, don't "grind" nonsense. India is a leader in many technologies, including computer applications and so on.
  2. rish Offline rish
    rish (Rish) 14 November 2022 09: 17
    In 2020, there were almost 17.6 billion dollars between Russia and the Netherlands (the population of the Netherlands is 30 million). Between Russia and India (population Ind. 1.4 billion) only now 30 billion dollars. What good news, probably soon everyone will run to buy rupees in a savings bank, exporters having bought rupees will fly for quality imports for us, we can simply accumulate them in our banks now in billions, although this currency wants to leave the best stable. The main thing, after all, is to feed the serfs with at least some good news...
  3. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 14 November 2022 13: 49
    The sanctions apply to pipeline energy supplies from the Russian Federation, and sea transportation is associated with freight, insurance, port calls and other restrictions and prohibitions.
    Most importantly, having a turnover in the 2021/22 financial year with the United States of $119,4 billion and comparable to the EU, India will under no circumstances exchange it for $12 billion with the Russian Federation and will not violate the sanctions imposed against the Russian Federation.
    1. Alexander Dutov Offline Alexander Dutov
      Alexander Dutov (Alexander Dutov) 18 November 2022 22: 11
      As the ancient Indian goddess Danuna used to say... relationships are not judged by numbers. Why are the Indians worse than the Saudis, who spit in the face of the West with its threats to rob them right after Russia ...