Expect India-Russia bilateral commerce to achieve $50 billion, says Russian minister

Russian minister Sergey Cheryomin on Wednesday mentioned commerce between India and Russia is anticipated to achieve $50 billion or extra.

New Delhi,UPDATED: Mar 29, 2023 23:40 IST

Sergey Cheryomin mentioned there’s a good prospect in cooperation between the Russian cost system Mir and the Indian cost system RuPay. (Photo: ANI)

By India Today World Desk: Sergey Cheryomin, head of the division for exterior financial and worldwide relations of Moscow, on Wednesday mentioned commerce between India and Russia is anticipated to achieve $50 billion or extra. Cheryomin was talking on the Russia-India enterprise discussion board programme in New Delhi.

The Russian minister harassed that banks in each nations ought to promote commerce in Rupee and Rubble.

“We have to promote trade in Rupee and Rubble as it creates a more stable platform for our companies,” Cheryomin was quoted as saying by information company ANI.

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Sergey Cheryomin said that there’s a good prospect in cooperation between the Russian cost system Mir and the Indian cost system RuPay to spice up tourism between nations.

On India’s G20 presidency, Cheryomin mentioned India has an excellent perspective in assembling completely different opinions and moderating the dialog between G20 nations and particularly within the area of cooperation between enormous metropolis.

“We think that we have good perspectives for promoting the Moscow experience for G20 cities in smart cities, safe city solutions in education and healthcare in sustainable development,” he added.

The programme, organised by Global Council of Innovation and Industry, additionally noticed the participation of Deputy Prime Minister of Russia and 7 cabinet ministers.

The Russian individuals who attended the occasion accepted that India has emerged as a giant market prior to now, in addition to that New Delhi has additionally used probably the most digital foreign money on the planet.

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Published On:

Mar 29, 2023