HomeTop NewsIndia bought oil from Russia in difficult times, now Putin gave this...

India bought oil from Russia in difficult times, now Putin gave this big offer

Published on

In the two-day BRICS summit, Russian President Vladimir Putin said that talks are on to open Indian stores in Russia. He said that talks were also held to bring China’s cars, equipment and hardware in large numbers in the Russian market.

The two-day BRICS summit hosted by China began on Thursday. Russian President Vladimir Putin has made a big statement in the 14th BRICS summit being held virtually. Putin said that the round of talks is going on to open Indian stores in Russia.

Speaking at the BRICS summit, Putin said that contacts between Russia and the business communities of the BRICS countries have increased significantly. Negotiations are on to open Indian stores in Russia. However, Putin did not specify which chain of Indian stores would open in Russia.

Along with this, talks are going on to bring Chinese cars, equipment and hardware in Russian markets in large numbers, he said. Along with this, Russia’s presence in the BRICS countries is increasing.

Russia, BRICS countries’ trade increased by 38 percent

He said that in the first three months of 2022, trade between Russia and BRICS countries has increased by 38 percent. Russia’s trade with BRICS countries has increased to $ 45 billion.

India’s decision to buy more oil from Russia has affected its relations with Western countries including the US. That too when the share of Russian oil in India’s total oil imports has not been more than two percent. India has also defended Russia’s decision to purchase oil. India says that Europe is exporting oil and gas from Russia despite the sanctions.

Russia also exports a significant amount of fertilizer to the BRICS countries. Putin says that Russian IT companies are increasing their activities in India and South Africa.

Putin said, together with the BRICS countries, we are preparing alternative mechanisms at the international level. We are also preparing for tie-up of Russia’s financial messaging system with banks of BRICS countries. We are also exploring the possibility of creating an international currency based on the currencies of the BRICS countries.

Let us tell you that BRICS is an organization of five countries, which includes Russia, India, China, Brazil and South Africa. China is hosting the BRICS summit this year.

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Prachand.in. Publisher: Aajtak News

More like this