Close Menu
Modern Embassy World
    What's Hot

    TAGMA 2026 to Spotlight Next-Generation Tooling at Die & Mould India Expo

    March 30, 2026

    Official Mobile Application for Indian Visa: Su-Swagatam

    September 16, 2025

    Global Fintech Festival (GFF) 2025 Scheduled To Be Held From 7-9 October, 2025 In Mumbai

    September 16, 2025

    “Su-Swagatam” Mobile Application For Indian Visa.

    August 29, 2025
    Facebook X (Twitter) Instagram
    Modern Embassy World
    Modern Plastics Award
    LinkedIn Facebook YouTube Instagram X (Twitter) Telegram
    Sunday, May 31
    • Home
    • About
    • News
      • Ambassador Insights
        • Ambassador Appointments
        • Ambassador Interviews
        • Diplomatic Profiles
        • Guest Columns
        • Leadership Messages
        • Opinion Columns
      • Diplomatic Affairs
        • Bilateral Relations
        • Consular Services
        • Embassy Announcements
        • Foreign Policy Updates
        • Multilateral Diplomacy
        • Treaties & Agreements
      • Directory & Services
        • Contact & Protocol Guide
        • Embassy Directory (By Country & Region)
        • Emergency Assistance
        • Language Services
        • Passport & Legalization Services
        • Visa Application Guidelines
      • Events & Summits
        • Cultural Exchange Events
        • Diplomatic Receptions
        • International Summits & Conferences
        • National Day Celebrations
        • Photo Galleries & Highlights
        • Upcoming Events Calendar
      • Global Missions
        • Consulates Worldwide
        • Country Profiles
        • Diplomatic Appointments
        • Embassies & High Commissions
        • New Embassy Openings
        • Permanent Missions to UN & Other Bodies
      • Security & Policy
        • Geopolitics & Regional Stability
        • Defense & Strategic Alliances
        • Immigration & Visa Policy
        • International Law
        • Cyber & Information Security
        • Sanctions & Compliance
      • Sustainability & Global Goals
        • Climate Diplomacy
        • United Nations SDGs
        • Green Initiatives by Embassies
        • Development Programs
        • Disaster Response & Humanitarian Aid
        • NGO & Embassy Collaboration
      • Trade & Investment
        • Bilateral Trade Opportunities
        • Country-Specific Investment News
        • Embassy-Backed Trade Missions
        • Economic Cooperation
        • Visa & Business Travel
        • Trade Agreements
    • Featured
    • Global News
    • Technology
    • Contact US
    Modern Embassy World
    Home»News»Russia, India agreed to go ahead with trade in national currency: Russian diplomat
    News

    Russia, India agreed to go ahead with trade in national currency: Russian diplomat

    Junior EditorBy Junior EditorJuly 10, 2024No Comments4 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Share
    Facebook Twitter Pinterest Email Copy Link

    [ad_1]

    Roman Babushkin, Chargé d’Affaires of the Russian Embassy.

    Roman Babushkin, Chargé d’Affaires of the Russian Embassy.
    | Photo Credit: Mahinsha S.

    India and Russia have decided to establish a system for national currency settlement, Roman Babushkin, Chargé d’Affaires of the Russian Embassy, said on Wednesday.

    A day after Prime Minister Narendra Modi ended his two-day visit to Russia, Mr. Babushkin described the visit as “historic and game-changing”, and slammed the Western powers for supporting Ukraine.

    He described the recently concluded peace conference in Switzerland as a tamasha (charade). He said that Russia’s friendship with China should not be a cause of concern for India.

    Economic aspects

    “Russia is the fourth largest trading partner of India and we have a very optimistic scenario that we will continue our successful and mutually beneficial partnership with India. The most important point of the Joint Statement was that we have decided to go ahead with the establishment of the national currencies settlement system,” Mr. Babushkin said, presenting an overview of the discussion between the Indian and Russian delegations in Moscow during the visit of Mr. Modi.

    Mr. Modi visited Moscow on July 8 and 9 and held both delegation-level talks as well as one-on-one discussions with President Vladimir Putin. Mr. Babushkin said the discussions were focused on economic aspects as Russia’s trade with India has grown many times in the past two years especially because of the trade in energy that rapidly expanded after Western sanctions were imposed on Russia following the launch of the “special military operation” against Ukraine in February 2022.

    Also read | Energy is vital pillar of cooperation: PM after exhibition visit in Moscow

    The two leaders also discussed the issue of Indian nationals who were fraudulently inducted into the Russian fighting forces and deployed for action on the Russia-Ukraine border.

    Echoing Moscow’s assurance, Mr. Babushkin said that the Indian men would be sent back “soon”, but he argued that Russia did not want Indians to be part of the Russian forces. “Let us be very clear, we have never wanted Indians to be part of the Russian Army. You would never see any announcement by Russian authorities on this,” he said.

    Also read | We have never wanted Indians to be part of the Russian Army: Russia’s Charge d’affaires

    Peace in Ukraine

    Mr. Babushkin described the meeting between Mr. Modi and Mr. Putin as a global event that indicated the changes that are currently under way in the international sphere. He said the meeting between the two leaders was “watched by the whole world” and described Russia as a country that was seeking peace in the Ukraine theatre.

    He said Moscow had sent representatives to “all the conversations that took place” regarding Ukraine barring the one in Switzerland.

    Mr. Babushkin said peace in Ukraine was not possible without including the Russian formula into the final draft. The Russian formula, he argued, wanted Ukraine to remain neutral and non-aligned and that Kyiv had to commit for non-deployment of foreign weapons on Ukrainian territory.

    Mr. Babushkin also argued that Ukraine should get rid of the neo-Nazi ideology that he described as the currently dominant force in Ukraine.

    He came down heavily on the Western powers for the support that they have been extending to Ukraine since the beginning of the war in February 2022. Away from the West-dominated world system, a new system was emerging where “new independent centres of power like India and Russia” were acquiring prominence, said the senior Russian diplomat.

    He said that Russia’s friendly ties with China was part of the Russian policy to serve its national interests and added the West had been urging the international community to de-couple from Chinese products and services while actually purchasing Chinese products.

    Taliban help

    The diplomat said Russia was of the opinion that the Taliban were not keen to expand their ideology beyond the Afghan borders. “The Taliban came to power almost three years ago. From this perspective it becomes clear that they see themselves as a national force. They don’t want to expand their ideology,” said Mr. Babushkin, who observed that the Taliban were keen to reach out to other stakeholders in the international domain.

    He pointed at the Islamic State-Khorasan Province and other terrorist groups that are supported by “external players” as the more potent threats that can be dealt with the help from the Taliban.

    [ad_2]

    Source link

    Chargé d’Affaires of the Russian Embassy Modi Putin talks PM Modi Moscow visit Russia China relations Russia India relations Russia India trade ties russia ukraine war Russian diplomat Roman Babushkin trade in national currency
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Previous ArticleSamsung Galaxy Z Fold 6, Z Flip 6, Galaxy Watch 7, Watch Ultra and Galaxy Buds 3 Series Prices in India Announced
    Next Article In a boost for Toyota, Indian state cuts levies on hybrid cars
    Junior Editor

    Related Posts

    Directory & Services

    Official Mobile Application for Indian Visa: Su-Swagatam

    September 16, 2025
    Cultural Exchange Events

    Global Fintech Festival (GFF) 2025 Scheduled To Be Held From 7-9 October, 2025 In Mumbai

    September 16, 2025
    Directory & Services

    “Su-Swagatam” Mobile Application For Indian Visa.

    August 29, 2025
    Cultural Exchange Events

    7Th August: National Handloom Day

    August 8, 2025
    Directory & Services

    Latest Announcement On Indian Visa

    August 7, 2025
    Diplomatic Affairs

    Signing and Exchange of Notes for Japan’s Grant Aid to India: “Project for Human Resource Development Scholarship”

    August 7, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Editors Picks

    TAGMA 2026 to Spotlight Next-Generation Tooling at Die & Mould India Expo

    March 30, 2026

    Official Mobile Application for Indian Visa: Su-Swagatam

    September 16, 2025

    Global Fintech Festival (GFF) 2025 Scheduled To Be Held From 7-9 October, 2025 In Mumbai

    September 16, 2025

    “Su-Swagatam” Mobile Application For Indian Visa.

    August 29, 2025
    Advertisement
    Modern Plastics India
    LinkedIn Facebook YouTube Instagram X (Twitter) Telegram

    MODERN BUSINESS GLOBAL NETWORK

    Modern Business India
    Modern Business Asia
    Modern Business Europe
    Modern Business America
    Modern Business Gulf
    Load More

    MODERN PLASTICS GLOBAL NETWORK

    Modern Plastics India
    Modern Plastics Asia
    Modern Plastics Europe
    Modern Plastics America
    Modern Plastics Global
    Load More

    WOMEN INDIA NETWORK

    Women India Network
    Women India
    Beauty N Fitness India
    Beauty N Fitness Times
    Modern Fashion Life Style
    Load More

    Copyright 2026All Rights Reserved by Modern Embassy World.

    Website Design: Chrysolite Media Network Pvt. Ltd.

    Type above and press Enter to search. Press Esc to cancel.