Which are India and Russia’s joint strategies to safeguard investment and trade such as defence purchases from unilateral sanctions? Against the background of this increasingly competitive use of fiscal sanctions from the US government, Russian policy is aimed at slow de-dollarisation of the market. With our most important partners, such as India, we’re focusing on developing legal and economic mechanisms to decrease the negative effect of constraints on bilateral trade and investment ties. Expanding settlements in domestic currencies is among our priorities. Relevant intergovernmental arrangements on payments and settlements were concluded with China and Turkey continue June and October. We believe that de-pegging in the buck in reciprocal settlements is the objective result of the unpredictability of the US economic policy along with the blatant misuse by Washington of the dollar’s standing as a world reserve money. What’s the focal point of your India visit? Which will be the factors deciding the strategic partnership in 2020? ) This is a special season for our nations. Expanding connections with Delhi is one of our complete foreign policy priorities. I’m pleased to say that the India-Russia connections are evidenced by self-sufficiency, not being subject to the sway of”ever changing foreign policy winds”. Additional strengthening of our multi-faceted alliance is in accord with the undertaking of improving regional and international security and stability. I’m convinced that our friends share similar logic. In this trip, we intend to go over problems on bilateral agenda, mostly taking into consideration the outcomes of the Indian-Russian summit which was held last September at Vladivostok. The talks will be mostly focused on ways to boost economic and trade cooperation, that’s the basis for enlarging Indian-Russian partnership. Surely, we’re considering a constructive exchange of opinions on the essential issues of the time. In addition, I plan to get involved in this Raisina Dialogue. India is considering overseas investments, such as from Russia, for executing the Make in India programme. What could entice Russian entrepreneurs? Increasing investment collaboration is vital for growth of bilateral relations. This subject has traditionally been among the fundamental issues on the agenda of their Indian-Russian discussions, including at the maximum level. A wide selection of communication mechanics is at our disposal, allowing for customisation of individual parameters of our discussion taking into consideration the traditionally close collaboration between our nations. Paying heed to the wishes of the company community, we attempt to make the most favourable environment allowing Russian companies to go into the Indian sector. We’re convinced that our Indian partners wish to do exactly the same. Russian companies are prepared to actively take part in the Make in India programme. However, India’s asymmetrical tax treatment for overseas business when compared with the regime appreciated by Indian entrepreneurs in Russia remains the sticking point. Consultations on the elimination of trade barriers are underway to create our domestic-markets more appealing for mutual investments. Changing focus from merchandise to high quality goods is taking priority.

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ChinaEconomyIndiaIndianInvestmentNew DelhiRussiaSanctionsTurkeyWashington