Amul, one of the largest dairy producers in India, has not decided on the volume of possible dairy products supplies to Galaktika yet, he said, adding that it will depend on the market.
Galaktika declined to comment on a possible deal.
Galaktika, one of the largest producers of milk products in Russia, has two dairy farms and three dairy plants. The company leases some of its production facilities to Valio.
In August, Russia banned imports of beef, pork, poultry, fish, cheese, dairy products, fruit and vegetables from Australia, Canada, Norway, the US and the EU for one year as an answer to Western sanctions. Since then, it has been in talks with other countries on increasing supplies to replace the banned ones.