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Investing.com -- Indian Foreign Minister Subrahmanyam Jaishankar met with his Russian counterpart Sergei Lavrov in Moscow on Thursday, describing India-Russia relations as "among the steadiest of major relationships in the world after World War Two."
During the meeting, Jaishankar reaffirmed India’s ambition to expand bilateral trade with Russia, with a particular focus on increasing Indian exports to correct the current trade imbalance.
The Indian Foreign Minister emphasized that boosting trade would require "swiftly addressing non-tariff barriers and regulatory impediments" between the two nations.
Jaishankar identified several sectors where Indian exports could be enhanced, including pharmaceuticals, agriculture, and textiles. He also stressed the importance of sustaining energy cooperation through both trade and investments.
The meeting addressed several other key areas of cooperation, including steps to ensure long-term supply of fertilizers from Russia to India.
According to Jaishankar, the strong relationship between the two countries is driven by "geo-political convergence, leadership contacts and popular sentiment."
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