Trade turnover between Russia and India increased by 120% in six months
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The trade turnover between Russia and India in the first six months of this year amounted to $11.5 billion, follows from the materials of the Kremlin for the meeting of Russian President Vladimir Putin with Indian Prime Minister Narendra Modi on the sidelines of the Shanghai Cooperation Organization (SCO) summit in Samarkand.
“In the first half of 2022, trade reached an impressive level of $11.5 billion, adding almost 120% compared to the same period last year,” follows from the materials.
It is noted that the export of Russian hydrocarbons to India is also expanding. “It is planned to discuss the issues of saturating the Indian market with Russian fertilizers and mutual food supplies,” the Kremlin added.
On the sidelines of the SCO summit, Putin will also hold talks with Chinese President Xi Jinping, Turkish President Recep Tayyip Erdogan, Azerbaijani President Ilham Aliyev and heads of other states. For the first time in three years, the SCO Heads of State Council meeting will be held in person in Samarkand on September 15-16.
The leaders of 15 states will take part in the summit in Samarkand. Of these, eight leaders represent the SCO countries: Russia, India, Kazakhstan, China, Kyrgyzstan, Pakistan, Tajikistan and Uzbekistan. In addition, the leaders of the SCO observer states – Belarus, Iran and Mongolia will participate. There will also be guests of the summit – the leaders of Azerbaijan, Armenia, Turkmenistan, Turkey.
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