Appreciating the India-Russia trade, which is at an all-time high, External Affairs Minister S Jaishankar said that the negotiations for a Free Trade Agreement between India and the Eurasian Economic Union will resume in January next year.
Evgeniy Griva, the Deputy Trade Commissioner of Russian Federation in India said that Moscow is highly interested in widening India-Russia trade, including the Indian exports.
Jaishankar spoke about the expansion of the correspondent relationship network under International Trade Settlement in Indian Rupees through Special Rupee Vostro Account system.
"That's one of the issues which we just discussed with your colleague, so because of lack of input from India, it's not enough to use the Rupee so we need to boost the trade from India and then in this case we are looking at balance like for example, we have with China. We have USD 200 bi
EAM Jaishankar said, "We have been discussing for some years now with Russia on how to expand our trade. Our trade with Russia is really quite small level."
The goods will be travelling via the International North-South Transport Corridor. The decision has come as a result of the efforts that both Russia and Delhi are making to increase the trade of goods and boost the India-Russia economic partnership, especially amid the ongoing war between Ru
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