Russia’s Putin to meet Indian PM Modi to boost trade ties

by | Sep 13, 2022 | World

Russian president and Indian PM will hold talks in Uzbekistan on Friday to discuss trade and fertiliser sales, Kremlin says.Russian President Vladimir Putin and Indian Prime Minister Narendra Modi will meet in Uzbekistan on Friday, the Kremlin has said, as the two countries aim to boost energy and trade ties.
“There are plans to discuss issues of ‘saturation’ of the Indian market with Russian fertiliser and bilateral food supplies,” it said on Tuesday mentioning the topics of the meeting to be held on the sidelines of a summit of the Shanghai Cooperation Organisation (SCO), a regional security bloc.
“First of all, moves, aimed at boosting bilateral trade flows, will be looked at. The trade turnover reached $11.5bn in the first half of 2022, up almost 120 percent year-on-year,” the Kremlin said.
India’s fertiliser imports from Russia rose to $1.03bn in April-July compared with $773.54m in the whole of the last fiscal year to March 31, 2022, according to the Indian commerce ministry’s website.
India is looking for a three-year fertiliser import deal with Russia.
Attempts to sign a long-term fertiliser import deal earlier this year were hit by the challenging geopolitical situation after Russia launched what it calls its “special military operation” in Ukraine on February 24.
Prime Minister Modi has sought greater energy cooperation with Russia despite Western pressure to cut ties with Moscow follow …

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