India and Russia are discussing a free trade agreement, the Russian trade minister says, an announcement that could deepen bilateral commercial ties that have flourished since the conflict broke out in Ukraine
The free trade talks mark a step-up in economic relations between the two countries despite calls from Western countries for India to gradually distance itself from its dominant weapons supplier, Russia.
"Together with the Eurasian Economic Commission, we are looking forward to intensifying negotiations on a free trade agreement with India." India's imports from Russia more than quadrupled to $46.33 billion over the last fiscal year, mainly through oil. Russia, traditionally India's top source of military hardware, displaced Iraq last month to become India's top supplier of crude oil.
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