Demand for indian exports has been on the rise due to US and european sanctions on Russia. But russia is constantly intensifying attacks from all four sides. The UN organization, including the Pope, has been recording protests. ukraine has also been involved in counter-attacks. To prevent russia from invading, the aforementioned countries imposed various sanctions against the country. russia does not see that either.
In this context, the Russian government is urging india to export food and chemicals to russia, an ally of Russia. Exports from india have increased from 2.7 percent to 3.2 percent in 2021-22 compared to 2020-21. Exports of electrical goods, pharmaceuticals, iron and steel, other chemicals, vehicles, boilers, machinery, fish, tea, coffee, and spices from india to russia are in the billions annually.
Russia is ready to buy everything from india, such as detergents, fruits, fabrics, soda, and beer, to sanctions imposed by countries including the United States. In addition, the demand for indian wheat and maize available from other parts of the world is increasing. russia is also interested in buying from india industrial chemicals that china can export in large quantities. Echoing the ban on countries, Russia's sales companies continue to urge indian exporters to send them as soon as possible.
However, the main challenges facing exporters here are transport, insurance, and the availability of goods. Thus, its chairman vivek Agarwal said the group for food and beverages would leave for russia later this month. Recognizing the opportunities provided by the conflict between ukraine and russia, the federal government has distanced itself from the issue, saying that export procedures would begin only after the end of the war.
As one exporter puts it, there are opportunities to get paid for certain categories. So, we use it to ship export goods. However, he acknowledged that their numbers were not enough to defeat Russia's central government and the government.
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