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India: Looking At Stabilising Economic Engagement With Russia, India

NEW DELHI, 29 April 2022, (TON): India once again said “its objective has been to stabilise its economic engagement with Russia and that an inter-ministerial group is looking at resolving issues relating to payment mechanisms with Moscow.”

The comments by External Affairs Ministry Spokesperson Arindam Bagchi came amid increasing Western pressure on India to limit its economic ties with Russia and oppose the Russian invasion of Ukraine.

Replying to a question at a media briefing, Mr Bagchi said “there is a possibility that the Western sanctions against Russia might impact India and the inter-ministerial group is looking into the issue.”

He said "our objective has been to see how (we) can stabilise the economic transactions or economic engagement that we are doing with Russia in the current context.”

India has not yet publicly condemned the Russian attack on Ukraine and has been pressing for the resolution of the conflict through dialogue and diplomacy.

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