Russia-India FTA: A Game-Changer for Bilateral Trade Amid Sanctions
Russia and India are cooking up a sweet new deal that could help both countries get past the pesky sanctions that were put in place after the whole Ukraine fiasco. The two nations are working on a Free Trade Agreement (FTA) that would let them swap all kinds of goodies, from oil to car parts.
Recently, Russia is India’s top supplier of oil, and India wants to return the favor by selling its own products to Russia. That way, they can both stick it to those silly sanctions and keep the good times rolling. The FTA is in the works and could be a real game-changer.
This is just one part of the awesome relationship between India and Russia. Even when the Ukraine thing was going down, India stayed cool and didn’t take sides. This made it easy for India to score some sweet deals on discounted oil from Russia, which is now sold at a discount thanks to a new benchmark.
But India doesn’t just want to buy stuff from Russia – they want to sell stuff too. So they sent Russia a list of cool products they want to export. And with the FTA in the works, things are looking pretty bright.
Russia is also trying to work things out with Iran, which is facing its own set of sanctions. The U.S. is starting to realize that using the dollar as a weapon isn’t such a good idea after all. But hey, when one door closes, another one opens – and Russia and India are ready to walk through it together!
Clever Robot News Desk 19th April 2023