https://sputniknews.in/20230628/indo-russian-ties-have-geopolitical-logic-fm-jaishankar-2729920.html
Indo-Russian Ties Have ‘Geopolitical Logic’: EAM Jaishankar
Indo-Russian Ties Have ‘Geopolitical Logic’: EAM Jaishankar
Sputnik India
ndian foreign minister S Jaishankar said on Wednesday that there’s a “geopolitical logic” to the India-Russia relationship.
2023-06-28T20:26+0530
2023-06-28T20:26+0530
2023-06-28T20:26+0530
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Indian Foreign Minister S Jaishankar said on Wednesday that there was a “geopolitical logic” to the India-Russia relationship, which he said had remained steady despite the global “turbulence” caused by the Ukraine crisis and the preceding Covid pandemic.The event was held to commemorate the ninth anniversary of Indian Prime Minister Narendra Modi’s government, which first came to power in 2014 and subsequently won another national election in 2019.The Indian foreign minister said that India had a very “unique relationship” with Russia.Nonetheless, between 2017 and 2021, New Delhi met around half of its overall military needs from Russian defense imports, as per Swedish think tank Stockholm International Peace Research Institute (SIPRI).Expanding India-Russia Economic CooperationThanks to the growing Russian energy exports to India, New Delhi’s economic ties with Moscow have expanded by leaps and bounds since last year.Russia now ranks as India’s biggest supplier of crude oil, having overtaken the South Asian nation’s traditional suppliers such as Saudi Arabia and Iraq.The International Atomic Energy Agency (IAEA) said this month that nearly 80 percent of Russian crude exports went to India and China last month.For its part, New Delhi imported nearly two million barrels per day (bpd) from Russia.Over the last year or so, New Delhi has consistently rejected western calls to cut down its commercial and strategic ties with Russia.Narendra Modi said that importing crude from Russia is in the interest of India’s “energy security”, while Finance Minister Nirmala Sitharaman said that crude supplies from Moscow have kept domestic inflation under check amid global volatility in commodity prices.New Delhi has also refused to heed to Western-led calls to vote against Russia at the United Nations (UN) in the wake of its special military operation in Ukraine.
https://sputniknews.in/20230605/india-refuses-to-succumb-to-us-pressure-to-break-ties-with-russia-ambassador-denis-alipov-2336297.html
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Indo-Russian Ties Have ‘Geopolitical Logic’: EAM Jaishankar
India-Russia trade turnover exceeded an all-time high of $35 billion last year, propelling Moscow to become one of five largest trading partners for New Delhi.
Indian Foreign Minister S Jaishankar said on Wednesday that there was a “geopolitical logic” to the India-Russia relationship, which he said had remained steady despite the global “turbulence” caused by the Ukraine crisis and the preceding Covid pandemic.
“There is a geopolitical logic to what we have been doing with Russia. And today, many things we were working on prior to 2022… which is how to expand our economic cooperation… those things have borne fruition. So, you have an upswing in the economic part of relationship with Russia even you have very steady politics,” Jaishankar said at an event at New Delhi-based India International Centre (IIC).
The event was held to commemorate the ninth anniversary of Indian Prime Minister Narendra Modi’s government, which first came to power in 2014 and subsequently won another national election in 2019.
The Indian foreign minister said that India had a very
“unique relationship” with Russia.
“I do want to say that sometimes this relationship has been dumbed down to dependence on arms. I think it is far more complex than that,” the top Indian diplomat stated.
Nonetheless, between 2017 and 2021, New Delhi met around half of its overall military needs from Russian defense imports, as per Swedish think tank Stockholm International Peace Research Institute (SIPRI).
Expanding India-Russia Economic Cooperation
Thanks to the growing
Russian energy exports to India,
New Delhi’s economic ties with Moscow have expanded by leaps and bounds since last year.
Russia now ranks as India’s biggest supplier of crude oil, having overtaken the South Asian nation’s traditional suppliers such as Saudi Arabia and Iraq.
The International Atomic Energy Agency (IAEA) said this month that nearly 80 percent of Russian crude exports went to India and China last month.
For its part, New Delhi imported nearly two million barrels per day (bpd) from Russia.
Over the last year or so, New Delhi has consistently rejected western calls to cut down its commercial and strategic ties with Russia.
Narendra Modi said that importing crude from Russia is in the interest of India’s “energy security”, while Finance Minister Nirmala Sitharaman said that crude supplies from Moscow have kept domestic inflation under check amid global volatility in commodity prices.
New Delhi has also refused to heed to Western-led calls to vote against Russia at the United Nations (UN) in the wake of its special military operation in Ukraine.
