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Jaishankar Says – India’s Trade With Russia Is ‘Quite Small’ Compared To European Nations

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During her visit to India on Monday (December 5), German Foreign Minister Annalena Baerbock discussed a number of matters of mutual concern, including the ongoing Russia-Ukraine conflict. Subrahmanyam Jaishankar, India’s External Affairs Minister, said today that he had a wide-ranging conversation with his German counterpart in New Delhi.

According to Jaishankar, they carried forward the frequent exchanges and discussions held this time in “more detail.” “Reviewed our bilateral ties and shared perspectives on a number of important regional and global issues,” he tweeted. Following Russia’s invasion of Ukraine, the West imposed sanctions on Moscow. The West also expressed concern about India’s trade ties with Russia.

In response, Jaishankar stated that India’s trade with Russia is “very small” in comparison to European nations. During a joint press conference with Germany’s visiting foreign minister, Jaishankar was asked about Russia sending a list of requests to India and how this differs from previous instances.

Jaishankar said, “We have been discussing for some years now with Russia on how to expand our trade. Our trade with Russia is really quite small level. I would say generally it’s been in the 12-13 billion dollar if you compare it to most European countries. Most of them have multiple times that trade.” 

Jaishankar said, “We have faced challenges it often happens in trade you know phytosanitary standards or non-tattoo and other regulatory impediments. So, at the moment you know the ongoing discussion and what either side can import from each other that is the context in which it is taking place.” 

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