HomeBlogInfoIndia-Russia Economic Relations: The New Dimensions

India-Russia Economic Relations: The New Dimensions

In the aftermath of the Russia-Ukraine war, India has been purchasing oil from Russia at a discounted price. The US has not opposed this decision publicly but earlier this year, some US officials had alluded to the possibility of imposing sanctions on India for purchase of Russian oil, though the US later on clarified that Washington was not “looking to sanction India” Continue…

BRICS is an informal group of states comprising the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa. The growing economic might of BRICS countries, their significance as one of the main driving forces of global economic development, their substantial population and abundant natural resources form the foundation of their influence on the international scene.

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