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Moscow vows action as India flags major trade deficit with Russia

Peskov called for a new system of global trade where the payment system (Dollar-denominated trade) is not used as a “political tool”

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Dmitry Peskov, spokesman

Dmitry Peskov, spokesman

Moscow is fully aware of New Delhi’s concerns about the massive trade deficit, and Russia is working with India to fix “the problem”, Kremlin spokesman Dmitry Peskov said on Tuesday.

Addressing a video-streamed press conference for Indian journalists, Peskov spoke on a range of issues, including the US peace plan in Ukraine, American sanctions on Russian crude oil and the supply of Russian defence platforms and technology to India. 

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