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India and Russia have finalised the broad contours of an ambitious government-to-government agreement for long-term import of crude oil by India from Russia’s Far East region.
The pact is likely to be inked during Russian President Vladimir Putin’s visit in October for the annual summit talks with Prime Minister Narendra Modi, diplomatic sources told PTI.
The pact is set to help the two countries achieve their target of taking the volume of annual bilateral trade to USD 25 billion from current USD 11 billion. Read More…
