Russia seeks Medical Help from India in the War against Ukraine
Russia has requested pharmaceutical and medical equipment from india, in addition to food. This transaction is also taking place in the rupee-ruble exchange rate, which has opened up new doors for indian exporters. russia is waging war on Ukraine. This environment has put the world's economy in jeopardy. As a result, gold and crude oil prices skyrocketed. russia has been subjected to a number of sanctions imposed by the united states and european countries.
As a result, russia is cut off from the rest of the world. Its economy is in shambles. In a situation where european countries are hesitant to acquire crude oil from russia, russia is stepping up its attempts to deliver more crude oil to Asian countries at reduced costs. russia sells crude oil to india for $ 35 per barrel, a significant discount to the worldwide market price. russia has also offered to import crude oil from india in rupee and ruble currencies.
Furthermore, the US embargo has resulted in a significant scarcity of everyday food in Russia. Food items have also been pursued by Russian enterprises in India. For indian exporters, this is viewed as a fantastic opportunity. russia has asked the government to keep supplying food and medication. A meeting for medical equipment producers from india and russia will be held.