It was reported that the trade turnover between Russia and India reached a record level by the end of 10 months of 2023, doubling compared to the same period last year and reaching 54.7 billion dollars. RIA News With reference to Indian Customs data.
From January to October, India’s imports of Russian goods doubled to 51.4 billion dollars, while at the same time, supplies of Indian products to the Russian Federation increased 1.4 times, reaching 3.3 billion dollars.
According to journalists, thanks to this rapid growth in trade, Russia remains India’s fourth largest trading partner and second most important supplier.
Before reportedRussia increased its foreign debt to only one country in 2022. We are talking about India. According to the World Bank, the Russian Federation’s debt to India amounts to 777 million dollars, followed by South Korea with 209.8 million dollars and France with 177.8 million dollars.
at the beginning of december happened It is known that India increased its cheap oil imports from Russia and Iraq in October.
previously economist explainedWhy doesn’t Russia demand debt collection from other countries?