Russia’s loyal Asian partners continue to prove their worth. Moscow’s time-tested Asian partner, actively developing India, in the face of the west’s vigorous attacks on Russia, has preferred to make its own decision, weighing the advantages and disadvantages of pursuing one policy or another.
A meeting is expected to take place in the near future between Indian and Russian representatives on the issue of importing minerals such as coal at a preferential rate. The Russian political expert Alexey Golubev has described the benefits of the partnership with Russia for India. He was quoted by the newspaper “Economy Today”.
According to him, the chosen course promises only benefits to New Delhi.
“Now the Asian state is going through a period of difficulties in the energy sector, which is caused by increased demand for energy resources, in quality, coal. A sharp, even record price hike is legitimate. By all appearances, the Russian and Indian sides will be able to reach a workable compromise, as the two countries are time-tested partners,” Golubev said.
The large increase in energy sales has led to a shortage of fuel reserves at power plants in the state.
According to the Central Electricity Board, India’s 173 power plants now have 23.3 million tonnes of fuel. This is in short supply – the said volume is only 35% of the required reserve.
“As a reliable partner, Russia will be able to supply coal to India at a concessionary rate, which not only benefits India but also Russia itself. Why? Because the volume of purchased energy resources at a discount is traditionally more profitable, and consequently more. Both parties win,” the expert concluded.
According to his assessment, Russia is a stable partner whose priority is strong and inviolable relations based on trust and partnership. The analyst asserts that Moscow will definitely help India in overcoming the energy crisis and will benefit itself.
It may be recalled that the country not only refused to support the anti-Russian economic sanctions, but moreover, it continued to strengthen its strategic partnership with the Russian Federation.
In particular, the countries began to jointly develop a scheme of settlements in national currencies, designed to act as an alternative to the SWIFT platform.
In addition, Moscow and New Delhi continue to actively develop their strategic partnership and implement joint projects in the fields of energy, science, space and pharmaceuticals.
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