Current Affairs
After Oil Diplomacy, Russia Now Promotes The Possibility Of Indian Pharmaceutical Companies Replacing Western Manufacturers In Moscow
Swarajya Staff
Mar 20, 2022, 12:58 PM | Updated 06:32 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
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.”
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.