Ahead of President Putin’s visit, Russia assured India that any sanctions on its oil trade would cause only minor, temporary disruptions. Kremlin spokesperson Dmitry Peskov emphasized that both nations are committed to maintaining trade volumes and making bilateral ties immune to third-country pressure. Russia aims for $100 billion trade with India by 2030, addressing New Delhi’s trade deficit concerns. NEW DELHI: Ahead of Russian President Vladimir Putin’s visit for the India-Russia annual summit, Moscow has backed oil trade with India saying sanctions against Russian companies will cause only an insignificant dip in India’s imports from Russia.Briefing the media, Kremlin spokesperson Dmitry Peskov said both sides were working to find ways to not allow volume of trade to fall, adding Russia has deep experience of performing under a regime of illegal sanctions through technologies at its disposal.“There can be, for a very brief time, insignificant drops in volume of oil trade, but we consider those sanctions to be illegal from the point of view of international law,” said Peskov, who also stressed the need for India and Russia to make bilateral trade immune to pressure from third countries.The Modi-Putin summit will take place against the backdrop of pressure applied by the US and EU on India to review its energy ties with Russia. The US has slapped an additional 25% tariff on India for purchasing oil from Russia.“We do not accept these limitations, and we are doing our best to ensure that we continue our trade and that our purchasers enjoy guaranteed supplies of oil and oil products. We are managing that quite successfully,” he added.Peskov said the bilateral relationship rests on historical background of mutual understanding. “And mutual vision of global affairs & a system of global affairs based on international law, rule of law and ability to take into account each other’s interests,” he added.While Russia is looking at $100 billion trade with India by 2030, he said, Moscow is fully aware of New Delhi’s concerns about the massive trade deficit and is working with it to fix “the problem”.Peskov said the tie must be free of any influence from third countries that are trying to create obstacles for India-Russia trade partnership.End of ArticleFollow Us On Social MediaVideosNavy Chief Confirms India’S Third Nuclear-Powered Ballistic Missile Submarine Soon“Both ‘Rs Must Remember Responsibility”: Bjp Slams Rahul, Renuka Over ‘Dog’ RemarksNo More Disruptions: Lok Sabha to Debate Electoral Reforms Next Week’Imran Khan’s Health Stable, But Facing Mental Torture’, Claims Sister After Jail VisitChina’s Condom Tax Shocks the World Amid Birthrate Drop as India Surges Ahead in Population RankingsPakistan Sparks Controversy With Expired Relief Claims As India Rejects Airspace Allegation StronglyCentre Signals Willingness to Discuss SIR, Asks Opposition Not to Set TimelinePakistan’s Adiala Jail To Open Gate To Imran Khan’s Sister After PTI Fury Forces Sharif, MunirRussia Confirms Su-57 Fighter Jets, S-400 Deal On Agenda Ahead of Vladimir Putin’s India VisitCapt Shubhanshu Shares What India Can Learn from ISS Successes123PhotostoriesJennifer Lawrence’s fitness philosophy: 4 lessons to take from her realistic routine8 animals whose names start with the letter “S”Guava health benefits: 7 reasons why your daily plate needs this humble fruitExclusive – Bigg Boss 19’s Ashnoor Kaur addresses allegations of hitting Tanya Mittal during the task; bond with Abhishek Bajaj; says ‘There’s a platonic love between us’5 timeless quotes by Rumi that echo the true essenceof loveNature’s smartest travellers: 5 animals with homes on their backsFrom Cinnamon Tea to Methi Shots: 8 foods and drinks with proven heart benefitsShah Rukh Khan, Amitabh Bachchan, Rajinikanth: Actors who played both hero and villain in the same film9 lesser-known Biryanis from different parts of IndiaVictoria and David Beckham: Parenting secrets from one of the strongest celebrity couples123Hot PicksParliament Winter SessionCyclone DitwahWorld NewsGold rate todaySilver rate todayPublic Holidays NovemberBank Holidays NovemberTop TrendingNina Lin ControversyPaige BueckersShedeur SandersDrake MayeOdell Beckham JrStephen CurryJaxson DartGiannis AntetokounmpoCharlie Kirk ControversyYordan Alvarez Wife

Ahead of President Putin’s visit, Russia assured India that any sanctions on its oil trade would cause only minor, temporary disruptions. Kremlin spokesperson Dmitry Peskov emphasized that both nations are committed to maintaining trade volumes and making bilateral ties immune to third-country pressure. Russia aims for 0 billion trade with India by 2030, addressing New Delhi’s trade deficit concerns.  NEW DELHI: Ahead of Russian President Vladimir Putin’s visit for the India-Russia annual summit, Moscow has backed oil trade with India saying sanctions against Russian companies will cause only an insignificant dip in India’s imports from Russia.Briefing the media, Kremlin spokesperson Dmitry Peskov said both sides were working to find ways to not allow volume of trade to fall, adding Russia has deep experience of performing under a regime of illegal sanctions through technologies at its disposal.“There can be, for a very brief time, insignificant drops in volume of oil trade, but we consider those sanctions to be illegal from the point of view of international law,” said Peskov, who also stressed the need for India and Russia to make bilateral trade immune to pressure from third countries.The Modi-Putin summit will take place against the backdrop of pressure applied by the US and EU on India to review its energy ties with Russia. The US has slapped an additional 25% tariff on India for purchasing oil from Russia.“We do not accept these limitations, and we are doing our best to ensure that we continue our trade and that our purchasers enjoy guaranteed supplies of oil and oil products. We are managing that quite successfully,” he added.Peskov said the bilateral relationship rests on historical background of mutual understanding. “And mutual vision of global affairs & a system of global affairs based on international law, rule of law and ability to take into account each other’s interests,” he added.While Russia is looking at 0 billion trade with India by 2030, he said, Moscow is fully aware of New Delhi’s concerns about the massive trade deficit and is working with it to fix “the problem”.Peskov said the tie must be free of any influence from third countries that are trying to create obstacles for India-Russia trade partnership.End of ArticleFollow Us On Social MediaVideosNavy Chief Confirms India’S Third Nuclear-Powered Ballistic Missile Submarine Soon“Both ‘Rs Must Remember Responsibility”: Bjp Slams Rahul, Renuka Over ‘Dog’ RemarksNo More Disruptions: Lok Sabha to Debate Electoral Reforms Next Week’Imran Khan’s Health Stable, But Facing Mental Torture’, Claims Sister After Jail VisitChina’s Condom Tax Shocks the World Amid Birthrate Drop as India Surges Ahead in Population RankingsPakistan Sparks Controversy With Expired Relief Claims As India Rejects Airspace Allegation StronglyCentre Signals Willingness to Discuss SIR, Asks Opposition Not to Set TimelinePakistan’s Adiala Jail To Open Gate To Imran Khan’s Sister After PTI Fury Forces Sharif, MunirRussia Confirms Su-57 Fighter Jets, S-400 Deal On Agenda Ahead of Vladimir Putin’s India VisitCapt Shubhanshu Shares What India Can Learn from ISS Successes123PhotostoriesJennifer Lawrence’s fitness philosophy: 4 lessons to take from her realistic routine8 animals whose names start with the letter “S”Guava health benefits: 7 reasons why your daily plate needs this humble fruitExclusive – Bigg Boss 19’s Ashnoor Kaur addresses allegations of hitting Tanya Mittal during the task; bond with Abhishek Bajaj; says ‘There’s a platonic love between us’5 timeless quotes by Rumi that echo the true essenceof loveNature’s smartest travellers: 5 animals with homes on their backsFrom Cinnamon Tea to Methi Shots: 8 foods and drinks with proven heart benefitsShah Rukh Khan, Amitabh Bachchan, Rajinikanth: Actors who played both hero and villain in the same film9 lesser-known Biryanis from different parts of IndiaVictoria and David Beckham: Parenting secrets from one of the strongest celebrity couples123Hot PicksParliament Winter SessionCyclone DitwahWorld NewsGold rate todaySilver rate todayPublic Holidays NovemberBank Holidays NovemberTop TrendingNina Lin ControversyPaige BueckersShedeur SandersDrake MayeOdell Beckham JrStephen CurryJaxson DartGiannis AntetokounmpoCharlie Kirk ControversyYordan Alvarez Wife


Working to find ways to stop trade volume dip, sanctions won’t hurt

NEW DELHI: Ahead of Russian President Vladimir Putin’s visit for the India-Russia annual summit, Moscow has backed oil trade with India saying sanctions against Russian companies will cause only an insignificant dip in India’s imports from Russia.Briefing the media, Kremlin spokesperson Dmitry Peskov said both sides were working to find ways to not allow volume of trade to fall, adding Russia has deep experience of performing under a regime of illegal sanctions through technologies at its disposal.“There can be, for a very brief time, insignificant drops in volume of oil trade, but we consider those sanctions to be illegal from the point of view of international law,” said Peskov, who also stressed the need for India and Russia to make bilateral trade immune to pressure from third countries.The Modi-Putin summit will take place against the backdrop of pressure applied by the US and EU on India to review its energy ties with Russia. The US has slapped an additional 25% tariff on India for purchasing oil from Russia.“We do not accept these limitations, and we are doing our best to ensure that we continue our trade and that our purchasers enjoy guaranteed supplies of oil and oil products. We are managing that quite successfully,” he added.Peskov said the bilateral relationship rests on historical background of mutual understanding. “And mutual vision of global affairs & a system of global affairs based on international law, rule of law and ability to take into account each other’s interests,” he added.While Russia is looking at $100 billion trade with India by 2030, he said, Moscow is fully aware of New Delhi’s concerns about the massive trade deficit and is working with it to fix “the problem”.Peskov said the tie must be free of any influence from third countries that are trying to create obstacles for India-Russia trade partnership.





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