Russian Envoy Highlights India-Russia Trade Challenges and BRICS Unity

Denis Alipov addresses cautiousness of Indian banks, India-China relations, and the role of BRICS in global cooperation.

Russian Ambassador Denis Alipov criticized the 'over-cautiousness' of Indian banks, which he claims hampers India-Russia trade due to fears of U.S. secondary sanctions.
India and Russia aim to reach a $100 billion trade target by 2030, but current trade imbalances and banking hesitations pose challenges.
Alipov welcomed recent efforts to resolve the India-China border dispute, emphasizing the need for trust and dialogue between the two nations.
The BRICS Summit in Kazan focused on enhancing cooperation among member states, with discussions on global governance reform and economic collaboration.
Alipov defended the BRICS platform against criticisms, advocating for its role in promoting a multipolar world and addressing issues faced by developing countries.