The BRICS group is still young as an organization, but has already proven its effectiveness. Brazil, Russia, India, China, and South Africa are coordinating their policies on key international issues ever more closely, and are playing an active part in shaping a multipolar world order and developing modern models for the world’s financial and trading systems.
Wednesday, May 11, 2022
Sanctions on Russia Could Bring Opportunities for Indian Engineering Exporters
The Russia-Ukraine war poses significant risks to economies and trade globally, but sanctions imposed by several developed nations on Russia could bring opportunities for Indian engineering exporters in the global market
It is a well-known and well-established truth that India and Russia have always been each other's confidants. This has been carefully tested over the years since the Soviet Union's inception. It has remained so even after the union's breakup
Russia’s e-commerce platforms Ozon and Yandex Market, food supplements firm Pharmstandard, dental products distributor Simkodent, largest food retailer X5 Retail Group and confectionery major UNICONF are among several Russian companies that have reached out to India for business ties amid Moscow’s conflict with Kyiv
As a result of the West’s barrage of sanctions following the invasion of Ukraine, a number of Russian software companies are looking for joint ventures in India and other BRICS countries, according to the leader of an association of over 250 IT companies in Russia