Russia-India trade hits record high — official

Business & Economy December 08, 2023, 16:17

In addition to growth in traditional commodity supplies, procurements of sunflower and soybean oil from Russia are being scaled up at the same time that Indian equipment and component parts required by Russian industry are being bought, Alexey Gruzdev noted

NEW DELHI, December 8. /TASS/. Trade between Russia and India is at an all-time high, with deliveries of traditional commodities and foods also on the rise, Russian Deputy Minister of Industry and Trade Alexey Gruzdev said.

"We have managed to achieve record high numbers in bilateral trade," Gruzdev said. A common understanding of comprehensive support of the business initiative to continue diversifying India-Russia trade was achieved with the Indian side during meetings in New Delhi, the official noted.

In addition to growth in traditional commodity supplies, procurements of sunflower and soybean oil from Russia are being scaled up at the same time that Indian equipment and component parts required by Russian industry are being bought, Gruzdev added.

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