India and other countries in the Indo-Pacific Region should support sanctions against Russia which will be in place for a “long period,” said the head of the European Commission Ursula Von Der Leyen.
“We have developed sanctions [против России] so as to support them for a long time, “said Von Der Leyen (Quotation According to Tass).
The head of the EC also addressed the subject of relations between Russia and China, trying to warn India against a partnership with China: abandoning Chinese investments in key transport, industrial and technological infrastructures. In return, she called to extend the mutual trade of India with Europe “on the basis of shared values and the rule of law”.
Formerly Bloomberg reported On the EU’s intention to resume commercial dialogue with India in order to weaken its links with Russia. The EU plans to relaunch trade negotiations with India to give the South Asian nation the opportunity to diversify and no longer depend on Russia. The EU also intends to set up technological advice with India as a member, the sources said.
Russia and India, in turn, negotiate the introduction of the Russian financial messaging system (SPFS, an analog of the SWIFT system) so that Delhi can use rupees and rubles for payments for the purchase of equipment Military, weapons and oil, bypassing the sanctions imposed by the United States and the EU, wrote the agency.
According to the agency’s interlocutors, Russia offers India the following method of payment: the rubles will be deposited in an Indian bank and converted into rupees. The same system will work in the opposite direction. The pending elements include if the exchange rate will be fixed or floating.