Some countries are trying to create “obstacles” in India-Russia trade but the two sides are focused on overcoming the challenge and expand bilateral trade to $100 billion in the next five years, said Dmitry Peskov, Press Secretary of Russian President Vladimir Putin.
Speaking at a press interaction organised by Russian news outlet Sputnik, Mr. Peskov said President Putin will be accompanied with officials who will bring new proposals in the civil nuclear and military domains and said that the western sanctions that have created a hurdle before India-Russia trade relations are “illegal”.
Putin to visit India for annual summit on December 4 and 5
“There are some countries that would try and put obstacles on the way of development of our trade. So let’s stick to our own interests and we have to make sure that India is sharing this approach,” said Mr. Peskov highlighting the need for using national currencies in bilateral trade.
The Kremlin spokesperson said that the share of U.S. dollars in global trade is “decreasing” and that the share of national currencies in global trade is “increasing”. Mr. Peskov described the U.S. tariffs imposed on India for the purchase of Russian energy as a “bilateral” issue between India and the U.S. but added, “What concerns us is the way we are going to continue and enlarge the volume of our bilateral business with India not letting anyone interfere in that.”
