Putin: Putin and Modi will talk about business and meals provides on September 16

The Kremlin stated on Tuesday that Russian President Vladimir Putin and Indian High Minister Narendra Modi will meet in Uzbekistan on Friday to talk about business, in addition to the sale of Russian fertilizers and mutual meals provides.

“It’s deliberate to talk about the problems of ‘saturation’ of the Indian marketplace with Russian fertilizers and bilateral meals provides,” the fabrics for the assembly say.

The assembly will happen at the sidelines of a summit of the Shanghai Cooperation Group, a regional safety bloc.

“Initially, steps geared toward expanding bilateral business turnover will probably be thought to be. Within the first part of 2022, the business turnover reached $11.5 billion, an building up of just about 120% in comparison to the similar duration ultimate 12 months,” the Kremlin stated.

India’s fertilizer imports from Russia in April-July rose to $1.03 billion in comparison to $773.54 million general for the ultimate fiscal 12 months to March 31, 2022, in line with the web site of the Indian Ministry of Trade.

India desires to strike a three-year fertilizer import maintain Russia.

Makes an attempt to signal a long-term fertilizer import deal previous this 12 months bumped into a troublesome geopolitical scenario after Russia introduced a so-called “particular army operation” in Ukraine on February 24.

Putin may also meet Chinese language President Xi Jinping at the sidelines of the summit in Samarkand, Uzbekistan’s historic Silk Street town.

India and China are key patrons of Russian power, serving to to defend Moscow from the results of Western sanctions and permitting the 2 Asian economies to obtain uncooked fabrics at a cut price in comparison to provides from different international locations.

The 2 Asian international locations have no longer publicly criticized Moscow’s movements in Ukraine, regardless of protests within the West.

India, which hardly ever purchased Russian oil earlier than, has develop into Moscow’s 2nd greatest oil purchaser after China.

Refineries in India, the sector’s third-largest oil importer and shopper, are purchasing up affordable Russian oil avoided via some Western international locations and firms.

The G7 international locations had been operating to cap the cost of Russian oil since December 5 in an try to decrease the cost Russia receives for oil with out decreasing its oil exports to international markets.

To this point, India and China have no longer introduced whether or not they’re going to sign up for the cost cap mechanism.

Oil Minister Hardeep Singh Puri stated ultimate week that India will glance into the topic when additional info is to be had. He additionally stated that there’s a large number of communicate and proposal happening and “we can see who’s concerned” in the cost cap mechanism.

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