Indian experts: Despite Western sanctions, the trade and economic cooperation between India and Russia is growing rapidly

According to today's Russian TV (RT) website reported on the 6th, while participating in the Oriental Economic Forum held by Russia, the Indian think tank "Indian International Initiative Promotion Center" (ICPII) founder and chairman Rishabh Sethi was accepting RT During an interview with TV stations, despite Western sanctions and thanks to Western sanctions, trade and economic cooperation between India and Russia have been growing rapidly.

Russian RT website report screenshot

"In the past 75 years, India and Russia have been developing cooperation. This year we broke all records in business and trade relations." He pointed out that in the past 3 months, India has increased from Russia Energy imports have rewarded Russia with a large number of products.

"India is one of the largest manufacturing centers in the world. It can provide Russia with drugs, cars and components, as well as technology, software, IT and other products." He also added that in terms of imported goods, India is Russia. Russia is Russia. A good alternative market.

Data map source: People's Vision

"I think any sanctions have not affected the relationship between our two countries." On the contrary, the sanctions made India and Russia go closer. He mentioned that India and Russia have successfully realized the use of rubles and rupees, and the trade volume of the use of the currency of the two countries has been expanding. He believes that there is no need to use U.S. dollar or euro in bilateral trade.

Sitty also believes that "this is an important benchmark for helping the US dollar and the dominance of the euro. It is a role model for the world to promote their own currencies in business and trade development." (Editor: HHJ)

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