Talks are underway regarding the launch of Indian retail store chains in Russia, President Vladimir Putin said on Wednesday while addressing a BRICS business forum.
“Contacts between Russian business circles and the business community of the BRICS countries are being activated. For example, negotiations are underway to open Indian retail chain stores in Russia, to increase the share of Chinese cars, equipment and machinery in our market. Russia’s presence in [BRICS] countries is also expanding,” Putin stated, reports RT.
However, Putin did not disclose which of these Indian chains could be coming to Russia.
Amid the West’s sanctions war against Russia, India has not only refused to condemn Moscow’s military operation in Ukraine, but also increased its purchases of Russian oil. Last month, Russia became India’s second-largest oil supplier, overtaking Saudi Arabia.
According to Putin, other spheres of cooperation with India and other BRICS nations are also strengthening.
“The volumes of Russian oil deliveries to China and India are growing noticeably. Cooperation in the field of agriculture is developing dynamically. Russia exports significant volumes of fertilizers to the BRICS countries. Russian IT companies are expanding their activities in India and South Africa, and our satellites provide TV broadcasting to 40 million people in Brazil,” the Russian president noted.