Russia’s Rosneft invests $20b in India

Russia’s Rosneft has invested $20 billion in India, according to Russian President Vladimir Putin. The announcement was made during the 15th VTB Russia Calling Investment Forum, where Putin highlighted the deepening economic ties between the two nations, as noted in a statement from the Indian government on Thursday.

Putin also expressed Russia’s readiness to establish manufacturing operations in India, signalling a potential boost to bilateral industrial cooperation. The development underscores Russia’s strategic interest in expanding its economic footprint in South Asia.

Attribution: Reuters

Subediting: Y.Yasser