The sanctions imposed by the US and European countries on Russia after the military operation against Ukraine can affect India’s import capacity. It has been said in a report that this may have a direct impact on Indian companies in the form of pressure in production cost.
Crisil said in a report on Monday that India’s exports to Russia stood at $2.55 billion in the first nine months of the current fiscal, up 36.1 billion from $1.87 billion in the corresponding period of the previous fiscal. percentage is higher.
According to this report, in the first nine months of the financial year 2021-22, $372 million (0.2 percent) was exported from India to Ukraine. However, the same report said that some sectors such as steel and aluminium may also benefit from rising prices.
Modi calls on Putin and Zelensky for safe evacuation of students
Prime Minister Narendra Modi on Monday spoke to Russian President Vladimir Putin and Ukrainian President Volodymyr Zelensky and sought their help for the safe and speedy evacuation of Indian students stranded in the war-torn country’s Sumy city. Simultaneously, he reiterated his call for an immediate end to the violence.