After Oil Diplomacy, Russia Now Promotes The Possibility Of Indian Pharmaceutical Companies Replacing Western Manufacturers In Moscow

by Swarajya Staff - Mar 20, 2022 12:58 PM +05:30 IST
After Oil Diplomacy, Russia Now Promotes The Possibility Of Indian Pharmaceutical Companies Replacing Western Manufacturers In MoscowRepresentative image

Russian ambassador to New Delhi Denis Alipov has expressed that Indian pharmaceuticals might replace the western manufacturers leaving Moscow, ANI reports.

Alipov hailed India as the pharmacy of the world and acknowledged that the country is a leading producer of generic drugs that are ‘not inferior’ to their original versions.

“The withdrawal of many western companies from the Russian market and those niches that have been vacated may actually be occupied by Indian companies in many industries, in particular, in pharmaceuticals,” the Russian envoy was quoted by the aforementioned publication.

So far, India has abstained from voting on resolutions in the United Nations (UN) that condemned the Russian invasion of Ukraine.

Moreover, Indian refiners have also taken up Moscow’s offer of purchasing discounted oil amidst rising global crude prices.

Recently, top Indian refiners like the Hindustan Petroleum Corporation Limited (HPCL) and the Indian Oil Corporation (IOC) ordered two and three million barrels of Russian oil respectively for May loading.

Alipov also touched upon India’s unique diplomatic policy and remarked, “Prime Minister (Modi) and the Indian leadership meet the consistent independent policy of the state in international affairs.”

He added, “We have repeatedly stated that we have welcomed the independent foreign policy of India and strengthening its role and its influence in the international arena.”

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