India shared a list of products with Moscow for access to Russian market – foreign minister

Record ID: 1700893

  • Title: India shared a list of products with Moscow for access to Russian market – foreign minister
  • Date: 5th December 2022
  • Summary: NEW DELHI, INDIA (DECEMBER 05, 2022) (ANI - No use India) (MUTE) ***WARNING: CONTAINS FLASH PHOTOGRAPHY*** GERMAN FOREIGN MINISTER ANNALENA BAERBOCK AND INDIAN COUNTERPART SUBRAHMANYAM JAISHANKAR ARRIVING FOR MEETING/BAERBOCK AND JAISHANKAR POSING FOR PHOTOGRAPHS AND SHAKING HANDS VARIOUS OF JAISHANKAR SPEAKING AS BAERBOCK AND DELEGATES SIT BAERBOCK, JAISHANKAR, AND DELEGATES SEATED DRING MEETING NEW DELHI, INDIA (DECEMBER 05, 2022) (ANI - No use India) MEDIAPERSONS STANDING BAERBOCK AND JAISHANKAR ARRIVING AND TAKING SEATES CAMERAPERSON RECORDING BAERBOCK AND JAISHANKAR SIGNING DOCUMENTS/ BAERBOCK AND JAISHANKAR EXCHANGING DOCUMENTS AND POSING FOR PHOTOGRAPHS MEDIAPERSONS SEATED (SOUNDBITE) (English) INDIAN FOREIGN MINISTER, SUBRAHMANYAM JAISHANKAR, SAYING: "We have given the Russians a set of…a set of I would say products which we believe we are very competitive in and which we feel should be getting access to the Russian market." MEDIAPERSONS SEATED (SOUNDBITE) (English) INDIAN FOREIGN MINISTER, SUBRAHMANYAM JAISHANKAR, SAYING: "We will see where there is a demand in supply and where there is a fit. I think largely…a large part of it would be determined by market because in our country business is mostly in private sector hands but…you know I don't think people should read anything more into it other than the legitimate expectations of any trading country to increase its trade." MEDIAPERSONS SEATED EXTERIOR OF GANDHI SMRITI MUSEUM DEDICATED TO INDIA'S ICONIC FREEDOM MOVEMENT LEADER, MAHATMA GANDHI SIGNBOARD READING (Hindi and English): "GANDHI SMRITI" VARIOUS OF BAERBOCK PAYING TRIBUTE AT MEMORIAL BAERBOCK LEAVING
  • Embargoed: 19th December 2022 11:19
  • Keywords: Annalena Baerbock Germany India New Delhi Russia Subrahmanyam Jaishankar Ukraine foreign minister trade
  • Location: NEW DELHI, INDIA
  • City: NEW DELHI, INDIA
  • Country: India
  • Topics: Asia / Pacific,Pollution,Environment
  • Reuters ID: LVA001H5SIQ1B
  • Aspect Ratio: 16:9
  • Story Text:EDITORS PLEASE NOTE: PART AUDIO QUALITY AS INCOMING
    India gave a list of Indian products to Moscow for access to Russian markets, Foreign Minister Subrahmanyam Jaishankar said on Monday (December 05), as his country seeks to narrow a growing trade deficit with Russia at a time when Moscow faces acute shortages of some crucial materials following Western sanctions.
    Reuters reported last week that Moscow had sent India a list of more than 500 products for potential delivery, including parts for cars, aircraft and trains, as sanctions following Russia's invasion of Ukraine squeeze its ability to keep vital industries running.
    Russia has been India's largest supplier of military equipment for decades and it is the fourth-biggest market for Indian pharmaceuticals. But with India's purchases of Russian oil soaring and coal and fertilizer shipments also strong, the South Asian nation is looking for ways to rebalance trade.
    "We have given the Russians a set of…a set of I would say products which we believe we are very competitive in and which we feel should be getting access to the Russian market," Jaishankar told reporters in a briefing with his German counterpart Annalena Baerbock, who is on a visit to India.
    The minister added that discussions on expanding trade have been going on for some time, and even before Russia's invasion of Ukraine on Feb. 24.
    "We will see where there is a demand and supply and there is a fit. I think a large part of it would be determined by the market," Jaishankar added.
    Prime Minister Narendra Modi's government has not joined Western countries in openly criticizing Moscow for the war in Ukraine, and has sharply increased purchases of Russian oil that have cushioned Russia from some of the impact of sanctions.
    During a visit to Moscow in November, Jaishankar said India needed to boost exports to Russia to balance bilateral trade that is now tilted towards Russia.
  • Copyright Holder: ANI (India)
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