The Indian government is preparing a formal list of sectors and locations where Russian officials may deploy state-held rupees toward potential investments. Russian Foreign Minister Sergei Lavrov raised this topic during a press conference after the G20 gathering, as reported by TASS. The discussion underscored a growing interest in outlining concrete avenues that align with both nations’ strategic goals and monetary considerations.
In remarks delivered amid the current economic landscape, Moscow noted it has accumulated a substantial pool of funds in rupees, described by the Russian side as running into the billions. Despite this capital reserve, officials indicated that there has not yet been a clear, actionable plan to allocate or deploy those funds. The emphasis remained on identifying viable, productive investment channels that could deliver tangible benefits to both sides and strengthen long-term economic ties, according to the Russian delegation.
Lavrov stated that Indian partners had reassured him of offering promising sectors for investment where collaboration could flourish. The dialogue highlighted a shared willingness to explore opportunities that leverage India’s growth trajectory and Russia’s financial resources, with the aim of creating mutual value and enhancing bilateral cooperation, as conveyed by the Russian foreign minister and cited by TASS.
Earlier in September, the Russian foreign minister met with Indian Prime Minister Narendra Modi to discuss a broad agenda of bilateral cooperation. The encounter reflected ongoing goodwill between Moscow and New Delhi, with both sides signaling openness to expanded collaboration across strategic sectors. As a gesture of friendship, Modi presented Lavrov with a scarf bearing symbols associated with the G20, illustrating cordial ties and mutual respect during the visit.
The subsequent G20 summit was hosted in New Delhi from September 9 to 10. In addition to the club’s member leaders, the forum welcomed leaders from nine invited countries, including Egypt, Spain, Bangladesh, the UAE, and others, signaling a broader invitation list aimed at fostering international dialogue and cooperation beyond traditional group boundaries, according to event coverage and official briefings.
Earlier statements from Western capitals suggested that the final G20 declaration reaffirmed a stance favorable to certain perspectives on global leadership, amid ongoing debates about the influence of the United States and its allies in shaping multilateral outcomes. Observers noted that the document reflected a spectrum of positions, with interpretations varying among different nations and analysts, as reported by multiple outlets and corroborated by official summaries from the summit proceedings.