Russia-India energy ties to increase this year, says Trade Commissioner

Marking the 70th anniversary of commercial ties, Russia and India will launch major energy initiatives and a business club to connect big business houses on both sides more closely, Russian Trade Commissioner Alexander Rybas has said.

In a written interview to The Hindu, Mr. Rybas, who is the highest ranking Russian trade representative in India, said withdrawal of western companies from Russia had opened opportunities for Indian pharmaceutical, energy, and food industries in Russia and that the fertilizer sector was one of the priorities for both sides.

“This year, further petrochemical…