INDIA and Russia agreed to boost trade ties yesterday as their foreign ministers met in Moscow, giving little indication that US President Donald Trump’s hefty tariffs on India for buying Russian oil would disrupt their relations.
Indian goods face additional US tariffs of up to 50 per cent, among the highest imposed by Washington, due to New Delhi’s increased purchases of Russian oil.
“We have good results in cooperation in the hydrocarbon sector, in the supply of Russian oil to the Indian market. And we have a mutual interest in implementing joint projects for the extraction of energy resources, including in the Russian Federation – in the Far East and on the Arctic shelf,” Russian Foreign Minister Sergei Lavrov said at a joint news conference with Indian Foreign Minister Subrahmanyam Jaishankar.
The two countries reaffirmed their ambition to expand bilateral trade, including by increasing India’s exports to Russia, Jaishankar said, according to a statement from India’s foreign ministry.
&uuid=(email))