In Moscow to meet Putin and Lavrov, India’s foreign minister praises growing trade

In Moscow, India’s foreign minister, Subrahmanyam Jaishankar, held a meeting with Russian President Vladimir Putin as part of his five-day visit. Despite challenging global circumstances, Putin acknowledged the progressing relations between the two nations. At the outset of the meeting, Putin expressed his intention to brief the Indian diplomat on the situation in Ukraine, an issue on which Indian Prime Minister Narendra Modi has maintained a neutral stance. Putin remarked that he was aware of Modi’s commitment to seeking a peaceful resolution to the conflict.

Russia increasingly values India as a vital market for its oil exports, which form the cornerstone of its economy, especially in light of Western sanctions limiting oil shipments. Jaishankar emphasized the need to enhance the sustainability of their trade interactions, urging thoughtful consideration on achieving this goal, as indicated by a Kremlin transcript of the meeting’s opening remarks.

During his visit, Jaishankar also met with his Russian counterpart, Sergey Lavrov, with whom he discussed the potential for military-technical cooperation, including collaborative production of advanced weaponry. India’s foreign minister lauded the remarkable growth in trade turnover between the two countries, surpassing $50 billion in 2022. He expressed optimism that this figure would be exceeded in the current year, highlighting the importance of balanced and sustainable trade that ensures equitable market access.

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