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stabilising financial engagement with Russia: India

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stabilising financial engagement with Russia: India

New Delhi: India on Thursday as soon as once more mentioned its goal has been to stabilise its financial engagement with Russia and that an inter-ministerial group is resolving points regarding fee mechanisms with Moscow.

The feedback by Exterior Affairs Ministry Spokesperson Arindam Bagchi got here amid rising Western strain on India to restrict its financial ties with Russia and oppose the Russian invasion of Ukraine.

Replying to a query at a media briefing, Bagchi mentioned there’s a chance that the Western sanctions in opposition to Russia would possibly impression India and the inter-ministerial group is trying into the difficulty.

“Our goal has been to see how (we) can stabilise the financial transactions or financial engagement that we’re doing with Russia within the present context,” he mentioned.

India has not but publicly condemned the Russian assault on Ukraine and has been urgent for the decision of the battle by dialogue and diplomacy.

Bagchi mentioned an inter-ministerial group led by the Finance Ministry is trying on the fee mechanisms.

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“There’s a chance that these sanctions would possibly impression us and that’s the reason we’re having the interministerial discussions and different conversations to see how we are able to maintain our financial interactions with Russia stabilised and in addition to see how we are able to guarantee our pursuits will not be affected,” he mentioned.

The post stabilising financial engagement with Russia: India appeared first on India Express Online.

Source: Around the Globe

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