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Russia’s Pivot To Asia a Long-Term Trend: Jaishankar
Russia’s Pivot To Asia a Long-Term Trend: Jaishankar
Sputnik India
Indian External Affairs Minister (EAM) S Jaishankar has said that Russia’s ongoing turn towards Asia in the last two years wasn’t a “short-term trend”.
2024-03-07T11:34+0530
2024-03-07T11:34+0530
2024-03-07T12:58+0530
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Indian External Affairs Minister (EAM) S Jaishankar has said that Russia’s ongoing turn towards Asia in the last two years wasn’t a “short-term trend”. Jaishankar remarked that the recalibrating of Russia's foreign policy towards Asia would have “interesting implications for the world”. He also pointed out that "a lot of access to Russia with the western world" was no longer there as the ties between Moscow and the western nations had "broken down" since the Ukraine conflict. Bilateral trade between India and Russia, officially special and privileged strategic partners, reached an all-time high of $50 billion last year, largely on account of a surge in Russian oil exports to India. Moscow now ranks among India's top five trading partners. On the other hand, the Russia-China bilateral trade volumes have exceeded $200 billion-mark. Trade between Russia and both the Asian economies is projected to rise further in coming months, as they seek to expand the scope of their respective bilateral relationships. The Indian foreign minister is on a four-day visit to Japan and South Korea till Friday. In Seoul, Jaishankar co-chaired the 10th India - Republic of Korea Joint Commission Meeting (JCM) with his South Korean counterpart Cho Tae-yul. In Tokyo, Jaishankar will preside over the 16th India-Japan Foreign Ministers Strategic Dialogue with Japanese foreign minister Yoko Kamikawa.
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Russia’s Pivot To Asia a Long-Term Trend: Jaishankar
11:34 07.03.2024 (Updated: 12:58 07.03.2024) Jaishankar said that the Russia-West relationship had essentially "broken down" in the wake of the Ukraine conflict.
Indian External Affairs Minister (EAM) S Jaishankar has said that Russia’s ongoing turn towards Asia in the last two years wasn’t a “short-term trend”.
“You actually have to read the prospect of Russia turning more and more towards Asia. It can also turn to other continents but I would say that Asia is the most dynamic possibility for them. So, we already are seeing a flow of Russian trade, of investment, of resources, of even collaborations towards Asian destinations,” Jaishankar told the Raisina Roundtable in Tokyo on Thursday.
“I don’t think it will be a short term trend. I think what will happen if it continues for for a few years… in any case, Russia will, obviously once it is set who will give it up. So they will consolidate on that,” the top Indian diplomat stated.
Jaishankar remarked that the recalibrating of
Russia's foreign policy towards Asia would have “interesting implications for the world”.
“So, I expect in a way almost a change in Russia’s direction towards the world. I think it has very interesting implications for us in Asia because like any big power, Russia will also want multiple options,” Jaishankar said.
He also pointed out that "a lot of access to Russia with the western world" was no longer there as the ties between Moscow and the western nations had
"broken down" since the Ukraine conflict.
Bilateral trade between India and Russia, officially special and privileged strategic partners, reached an all-time high of $50 billion last year, largely on account of a surge in Russian oil exports to India. Moscow now ranks among India's top five trading partners.
On the other hand, the Russia-China bilateral trade volumes have exceeded $200 billion-mark.
Trade between Russia and both the Asian economies is projected to rise further in coming months, as they seek to expand the scope of their respective bilateral relationships.
The Indian foreign minister is on a four-day visit to Japan and South Korea till Friday. In Seoul, Jaishankar co-chaired the 10th India - Republic of Korea Joint Commission Meeting (JCM) with his South Korean counterpart Cho Tae-yul.
In Tokyo, Jaishankar will preside over the 16th India-Japan Foreign Ministers Strategic Dialogue with Japanese foreign minister Yoko Kamikawa.
