Speaking in the Kremlin during negotiations with Indian President Pratibha D. Patil, Russian President Dmitry Medvedev noted that the trade and economic relations between the two countries have maintained their positive dynamics, despite the negative impacts of the global financial crisis. “During the past five months which were the most difficult in the last ten years, the trade turnover between our countries has increased by 15%, while the goal of pushing this figure to $10bln per annum could be reached much earlier than planned.”
Also, President Medvedev specially noted that further development of relations with India has always been and still remains one of the topmost priorities in the Kremlin’s foreign policies. Specifically, the president named the energy, metallurgical, automanufacturing, transportation, banking and other hi-tech intensive sectors among the strategic sectors of both nations’ economies that would receive significant boost from further deepening of the Russian-Indian ties.
The president of India, who was on an official visit to Russia as a part of programs devoted to the celebration of the Year of India in Russia in 2009, also noted her country’s strong commitment to deepen its existing bilateral ties across a broad spectrum of economic and political sectors.
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