During his two-day visit to India, President Vladimir Putin on Friday assured India that Russia is ready "to continue uninterrupted shipments of fuel for the growing Indian economy".
This comes as part of a broader push to strengthen bilateral ties between the two countries. The announcement came alongside the signing of multiple agreements between the two countries, covering sectors from fertilisers and food safety to shipping and maritime logistics.
While addressing a joint statement alongside Prime Minister Narendra Modi after the 23rd India-Russia Annual Summit in New Delhi, Putin said, "We are ready to continue uninterrupted shipments of fuel for the growing Indian economy."
“Our countries are gradually moving to mutual settlements in national currencies, which already account for 96% of commercial transactions. We are also witnessing successful partnerships in energy, stable supplies of oil, gas, coal, and everything required for India’s energy needs," he said.
He further thanked President Droupadi Murmu, PM Modi for the "warm and hospitable welcome". “I thank President of India, Droupadi Murmu, Prime Minister of India and all our Indian colleagues for the warm and hospitable welcome accorded to the Russian delegation…I thank PM Modi for the dinner at his residence yesterday,” he said.
The Russian President's remarks come at a time when Western nations have repeatedly criticised India’s rising energy trade with Russia, alleging that revenues from these sales help Moscow fund its war effort in Ukraine.
India has also faced imposition of steeper US tariffs over its continued purchase of Russian oil.
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