Russian oil pay plan soon
India on Thursday said it is working on a payment mechanism to settle trade with Russia even as Washington tries to yank New Delhi out of Moscow’s reach with support to diversify energy imports.
The Centre is focused on stabilising its economic ties with Russia and is working to devise a payment mechanism to settle trade amid Western sanctions against Moscow for its invasion of Ukraine, the foreign ministry said on Thursday.
“We have an established economic relation with Russia. Given the current circumstance post development in Ukraine, I think there is an effort by both sides to ensure that this economic relationship remains stable,” ministry spokesperson Arindam Bagchi told a news conference.
