Russian President Vladimir Putin and Indian Prime Minister Narendra Modi will meet in New Delhi by the end of year, but no dates have been finalised yet, a Russian embassy official in India said on Wednesday.
Russia will continue supplying oil to India, Roman Babushkin, the charge d'affaires at the Russian embassy in India, told reporters at a press briefing.
Russia has a "very, very special mechanism" to continue oil supplies to India, adding that India's crude oil imports from Russia will remain at the same level.
The US is set to impose an additional 25 per cent tariff on Indian exports on August 28, citing their imports of Russian oil, which expanded after Western nations sanction Russian supply after its invasion of Ukraine.
However, the US has stopped short of imposing similar tariffs on China over its purchases of Russian oil.
Last month, the European Union sanctioned Russian-backed Indian refinery Nayara Energy, leading the refiner to cut back processing and companies to curtail their trading with them.
Trade between Indian and Russia was expected to grow 10 per cent annually, Evgeniy Griva, Deputy Trade Representative of Russia to India said at the briefing.
UAE–South Korea CEPA comes into force on May 1
Meraas awards AED 2.4 billion in construction contracts for 'The Acres'
Bangladesh set to sign Boeing jet deal, shifting from Airbus
UAE Circular Economy Council focuses on food security, sustainable growth
UAE announces decision to withdraw from OPEC and OPEC+
