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India’s foreign minister praises growing trade with Russia in Putin meeting

Russian President Vladimir Putin met India’s foreign minister Subrahmanyam Jaishankar at the Kremlin (Sputnik, Kremlin Pool Photo via AP)
Russian President Vladimir Putin met India’s foreign minister Subrahmanyam Jaishankar at the Kremlin (Sputnik, Kremlin Pool Photo via AP)

India’s foreign minister has met Russian President Vladimir Putin, who said relations between the countries are progressing even amid turbulent times.

Subrahmanyam Jaishankar’s meeting was part of a five-day visit.

At the start of the meeting, Mr Putin said he would inform the Indian diplomat about the fighting in Ukraine, on which Indian Prime Minister Narendra Modi has held a neutral stance.

“I know about his desire to do everything to resolve this problem through peaceful means,” Mr Putin said.

Russia India
Mr Jaishankar hailed trade links between the countries (Sputnik, Kremlin Pool Photo via AP)

India is increasingly important to Russia as a market for oil exports, the backbone of its economy, as Western sanctions curtail oil shipments.

According to a Kremlin transcript of the meeting’s opening, Mr Jaishankar said: “It is very important to make our trade interaction more sustainable. We need to think about how to achieve this.”

Mr Jaishankar also met with Russian counterpart Sergey Lavrov, who said they discussed “the prospects for military-technical cooperation, including the joint production of modern types of weapons”.

India’s foreign minister praised the “all-time high” trade turnover between the two countries, which he said exceeded 50 billion dollars (£39 billion) in 2022.

“We expect to exceed that this year. And what is important is that this trade is more balanced, it is sustainable, and it provides for fair market access,” he added.