New Delhi: Russia on Thursday supplied to supply more oil and natural gas to India as Russian first deputy prime minister Denis Manturov met Prime Minister Narendra Modi and exterior affairs minister S Jaishankar and explored methods to advance cooperation in essential areas corresponding to power and fertilisers.
Modi mentioned on social media that he and Manturov mentioned “mutually beneficial cooperation in trade, fertilisers, connectivity and people-to-people ties”. Modi lauded the sustained efforts by each nations to implement the outcomes of the India-Russia Summit held throughout President Vladimir Putin’s go to to New Delhi final December.
Jaishankar mentioned after his assembly with Manturov that the 2 sides centered on bilateral cooperation in commerce, trade, power, fertilisers, connectivity and mobility. They additionally explored new alternatives in know-how, innovation and essential minerals, he mentioned in a social media submit.
Manturov and Jaishankar additionally mentioned regional and international developments, together with the battle in West Asia.
The Russian embassy mentioned in a readout that Manturov “confirmed that Russian companies have the capacity to steadily increase supplies of oil and liquefied natural gas to the Indian market”.
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Manturov mentioned Russia had “increased supplies of in-demand mineral fertilisers to India by 40%” by the top of 2025, and is prepared to proceed assembly India’s wants for this product. A joint undertaking for carbamide manufacturing can be being developed by the 2 sides, the readout mentioned.
India is presently grappling with disruptions in the supply of power and fertilisers due to the closure of the Strait of Hormuz due to the battle triggered by Israel and the US’s army strikes on Iran. The Russian readout mentioned “particular attention was paid to cooperation in the oil and gas sector” throughout Manturov’s interactions with Indian leaders.
Russia has re-emerged as the biggest provider of power following a current US waiver on sanctions to permit India to proceed shopping for Russian power.
Manturov, who’s the co-chairman of the Russia-India Intergovernmental Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation, additionally met National Security Adviser Ajit Doval and finance minister Nirmala Sitharaman.
The Russian readout mentioned increasing mutually useful commerce, funding and industrial cooperation was a key matter on Manturov’s agenda. “Specific steps were discussed to create favorable conditions for increasing bilateral trade turnover in the present context,” the readout mentioned.
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Russia and India are strengthening their partnership in nuclear power and Manturov mentioned Russia sees important prospects for deepening engagement with India in this sphere. The undertaking to construct reactors for the Kudankulam nuclear energy plant is being applied in line with agreed schedules.
Manturov’s discussions additionally coated areas corresponding to industrial cooperation, area and schooling.
Days earlier than Manturov’s go to, overseas secretary Vikram Misri and Russian deputy overseas minister Andrey Rudenko co-chaired the overseas workplace consultations in New Delhi and reviewed bilateral ties.
Manturov’s go to adopted the Indian authorities’s resolution to purchase 5 more S-400 air defence techniques from Russia in the wake of the system’s efficiency throughout Operation Sindoor, the four-day battle with Pakistan final 12 months.
India concluded a $5-billion take care of Russia in October 2018 to purchase 5 S-400 air defence techniques regardless of a warning by the US that the contract might entice sanctions below the Countering America’s Adversaries Through Sanctions Act (CAATSA). Russia has delivered three of those techniques thus far, although supply of the 2 remaining batteries has been affected by the battle in Ukraine.
