'Extraordinarily large': Russia asks India for spare parts for key industrial sectors – Reuters
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According to journalists, Moscow's request was unusual in its scope. Indian companies fear that their supplies will violate Western sanctions.
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Russia has sent India a list of more than 500 items it needs for vital industries. Among them are parts for cars, planes and trains. About this writes Reuters, citing its own sources.
The publication writes that India seeks to increase trade in this way, as it tries to reduce the growing trade deficit with Russia. However, some Indian companies have already expressed concern about a possible violation of Western sanctions.
An Indian government source told the publication that Moscow's request was unusual in scope.
An anonymous Russian source told reporters that the Russian Ministry of Industry had asked Indian companies to provide raw materials and equipment. Further discussion will be needed to agree on specifications and volumes, and that coverage is not limited to India.
Reporters write that Russia's requests were made weeks before Indian Foreign Minister Subrahmanyam Jaishankar's visit to Moscow on 7 November. During his visit to Moscow, Jaishankar stated that India needs to increase its exports to Russia to balance the bilateral trade, which is now shifting towards Russia.
He was accompanied during the visit by senior officials in charge of agriculture, oil and natural gas, ports and shipping, finance, chemicals and fertilizers, and trade.
We also recall that the media reported that the EU again did not agree on the marginal cost of Russian oil. The media reports that the higher the limit, the easier it will be for Russia and its customers to hire tankers with standard industry insurance.
