Russia is a misery. Have to ask in India not only spare parts but also products

Despite the fact that negotiations on increasing purchases in India have been ongoing since Western countries have imposed sanctions against Russia, now Moscow is felt more and more persistence, because finding spare parts for cars in Russia is becoming more and more difficult because of the cessation of foreign producers, writes writes newspaper.

According to The Times of India, Russia offers Indian manufacturers of car components and cars to start working in Russia, as well as to establish more active trade in them. Exports of spare parts are still possible, but car manufacturers are unlikely to export cars because of fears of secondary sanctions, the newspaper writes.

And this applies not only to global brands operating in India but also to national, such as Mahindra & Mahindra and Tata Motors, because they also carry out international operations. Tata also owns the English company Jaguar Land Rover. Russia's automobile industry is one of those who suffered the most suffered from a military invasion of Ukraine: in 2022, the sale of cars fell by 59%, according to the "autostat".

After the invasion of Russian troops, a year and two months took place in Ukraine, and the stocks of new cars of foreign brands are practically exhausted. It is no longer even about thousands or hundreds of cars that are for sale, but about dozens, the Association "Russian Automobile Dealers", and some brands, such as Renault, is not left at all.

There is now a delegation of Indian exporters in Russia who discuss the supply of soybeans, rice, peas, chickpeas, beans, lentils and other agricultural products, adds The Times of India. "The shelves in supermarkets are empty, and even in the shops of Duti-Frey (at the airport) there is almost nothing but the Russian Vodka," said the exporter who had just returned from Russia. These are not the first such negotiations, but they have not yet led to any specific arrangements.

One of the most important problems is the payment method. It is difficult to use dollars because of sanctions, and during trade in national currencies, exporters, according to them, lose 4% at each transaction. They suggested that the Ministry of Commerce of India set a fixed course of Rupees to such operations for such operations to declare it in advance every two weeks.