• About us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI हिन्दी
TFI Global
Wednesday, August 10, 2022
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    End of JD(U)-BJP alliance has a positive note for the saffron party

    End of JD(U)-BJP alliance has a positive note for the saffron party

    Divya Kakran

    Kejriwal-led AAP’s ‘Kagaj dikhao’ demand to Divya Kakran backfires

    Shrikant Tyagi

    ‘Chhut bhaiya BJP Neta’ from Noida faces the wrath of Yogi Adityanath

    #SavingPushkar: The ancient Brahma Mandir in Pushkar needs immediate restoration

    #SavingPushkar: The ancient Brahma Mandir in Pushkar needs immediate restoration

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Chinese companies may quit India altogether. Bon voyage!

    Chinese companies may quit India altogether. Bon voyage!

    Shaktikanta

    The man no one talks about but who deserves all our praise – RBI governor Shaktikanta Das

    Adani top 3 richest

    Gautam Adani is one step away from entering the Top 3 billionaires, soon to overtake Jeff Bezos

    Aatmanirbharta

    With an emphasis on Aatmnirbharta, India is ‘deglobalizing’ its economy

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Indian Ocean India

    Indian Ocean is finally India’s own

    Indian navy

    Indian Navy will soon be a force to reckon with

    PNS Alamgir

    Pakistan’s ‘PNS Alamgir’ narrowly missed meeting the fate of ‘PNS Ghazi’

    In global defence market, Tejas is top-shelf stuff

    In global defence market, Tejas is top-shelf stuff

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    ambassador china

    Four Ambassadors Dead in China – Did China “fry” their brains off?

    Bangladesh India

    India has treated Bangladesh with kid gloves all this while, the policy needs a rejig

    India russia trade

    The strengthening India-Russia ties is inspiring but India must have a tab on trade deficit

    arab world india

    The Arabs are now on their knees to please India

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Battle of Colachel: The untold victory of Raja Marthanda Varma that threw out the Dutch from India forever

    Battle of Colachel: The untold victory of Raja Marthanda Varma that threw out the Dutch from India forever

    Charles Elwood Yeager

    When a rookie Indian pilot showed digitus medius to Uncle SAM

    Unsung Heroes: Bagha Jatin – The original Bengal Tiger

    Unsung Heroes: Bagha Jatin – The original Bengal Tiger

    While Indians back home are moving away from Bhajan Kirtans, the West is embracing it

    While Indians back home are moving away from Bhajan Kirtans, the West is embracing it

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Divya Kakran

    Kejriwal-led AAP’s ‘Kagaj dikhao’ demand to Divya Kakran backfires

    Atul Kulkarni hindu

    Atul Kulkarni – A vicious brain behind an innocent artist

    Kakran

    Commonwealth Games brings out the sheer apathy of Aam Aadmi Party in full spotlight

    Hum Do Humare Baarah film poster

    Rana Ayyub’s old words come to bite her as she cries foul over ‘Hum Do, Humare Baarah’

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
No Result
View All Result
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    End of JD(U)-BJP alliance has a positive note for the saffron party

    End of JD(U)-BJP alliance has a positive note for the saffron party

    Divya Kakran

    Kejriwal-led AAP’s ‘Kagaj dikhao’ demand to Divya Kakran backfires

    Shrikant Tyagi

    ‘Chhut bhaiya BJP Neta’ from Noida faces the wrath of Yogi Adityanath

    #SavingPushkar: The ancient Brahma Mandir in Pushkar needs immediate restoration

    #SavingPushkar: The ancient Brahma Mandir in Pushkar needs immediate restoration

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Chinese companies may quit India altogether. Bon voyage!

    Chinese companies may quit India altogether. Bon voyage!

    Shaktikanta

    The man no one talks about but who deserves all our praise – RBI governor Shaktikanta Das

    Adani top 3 richest

    Gautam Adani is one step away from entering the Top 3 billionaires, soon to overtake Jeff Bezos

    Aatmanirbharta

    With an emphasis on Aatmnirbharta, India is ‘deglobalizing’ its economy

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Indian Ocean India

    Indian Ocean is finally India’s own

    Indian navy

    Indian Navy will soon be a force to reckon with

    PNS Alamgir

    Pakistan’s ‘PNS Alamgir’ narrowly missed meeting the fate of ‘PNS Ghazi’

    In global defence market, Tejas is top-shelf stuff

    In global defence market, Tejas is top-shelf stuff

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    ambassador china

    Four Ambassadors Dead in China – Did China “fry” their brains off?

    Bangladesh India

    India has treated Bangladesh with kid gloves all this while, the policy needs a rejig

    India russia trade

    The strengthening India-Russia ties is inspiring but India must have a tab on trade deficit

    arab world india

    The Arabs are now on their knees to please India

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Battle of Colachel: The untold victory of Raja Marthanda Varma that threw out the Dutch from India forever

    Battle of Colachel: The untold victory of Raja Marthanda Varma that threw out the Dutch from India forever

    Charles Elwood Yeager

    When a rookie Indian pilot showed digitus medius to Uncle SAM

    Unsung Heroes: Bagha Jatin – The original Bengal Tiger

    Unsung Heroes: Bagha Jatin – The original Bengal Tiger

    While Indians back home are moving away from Bhajan Kirtans, the West is embracing it

    While Indians back home are moving away from Bhajan Kirtans, the West is embracing it

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Divya Kakran

    Kejriwal-led AAP’s ‘Kagaj dikhao’ demand to Divya Kakran backfires

    Atul Kulkarni hindu

    Atul Kulkarni – A vicious brain behind an innocent artist

    Kakran

    Commonwealth Games brings out the sheer apathy of Aam Aadmi Party in full spotlight

    Hum Do Humare Baarah film poster

    Rana Ayyub’s old words come to bite her as she cries foul over ‘Hum Do, Humare Baarah’

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
No Result
View All Result
TFIPOST
No Result
View All Result

With the invitation to India, Russia has opened another front against sanctions-Far East

Abhishek Kumar Singh
by Abhishek Kumar Singh
2 August 2022
in Geopolitics
0
With the invitation to India, Russia has opened another front against sanctions-Far East
1.3k
VIEWS
Share on FacebookShare on Twitter
  • Russia has invited India to participate in Eastern Economic Forum
  • Russian Far East and Arctic region is full of oil reserves and India is a big stakeholder with $15 billion total investments
  • Chennai-Vladivostok corridor will play a key role, in carrying out trade in the Far East region

For about half a year now, western countries have been trying to get India on the anti-Russia sanctions bandwagon. Well, India did not listen and at the cusp of European winter, India is the one emerging as a net benefactor of those sanctions. Now, after the formal invitation to the Eastern Economic Forum, Russia is asking for India to enable yet another front against the West’s self-destructing sanctions.

India invited for Eastern Economic Forum

According to a report by Republic TV, on July 29th, Russia invited India to attend the 7th Eastern Economic Forum. The forum will discuss issues involving increasing business prospects around far Eastern and Arctic regions. It will also include a high-quality presentation on investments in the Russian component of the region. The 3-day high-profile meeting will be organized in Vladivostok. A formal invitation to India was extended by Nikolay Korchunov, Ambassador-at-Large for Arctic Cooperation of the Russian Ministry of Foreign Affairs.

Russian Foreign Ministry stated, “Indian delegation was invited to participate in the Arctic segment of the 7th Eastern Economic Forum in Vladivostok on September 5-8, 2022, which will include a presentation on the investment potential of Russian regions,…”

Potential of Russian Far East

Eastern Economic Forum was established in 2015 through a decree by Vladimir Putin. Russia’s primary nationalistic motive was to utilise the untapped potential of the region’s natural reserves. Currently, only 20 per cent of Russia’s population lives in the region, all thanks to extremely cold weather.

But, the area is immensely rich in natural resources. The region is full of resources like fish, oil, natural gas, pulp, wood, diamonds, iron ore, coal, gold, silver, lead, and zinc among others. Recently, Rosneft, a Russian oil company announced that it has discovered 82 million tons of oil in Russian arctic, which is connected to the Far East.

India’s stake in the Russian Arctic and Far East

Probably, India was well aware of this potential. In both the Arctic and the Far East, India has cumulatively invested $15 billion in oil and gas projects. Additionally, Russia is also uplifting the economic prospects of the region with 2,700 projects through state support. Here also, India is not far behind. During the 6th conference of EEF, India and Russia agreed to increase cooperation in shipbuilding, agro-industry, ceramics, strategic and rare earth minerals, and diamonds.

Given that future of the India-Russia economic partnership is looking brighter, the modalities of transportation are also an issue that needs a relook. INSTC is well emerging as a better catalyst of trade, but trade with the far East requires conquering maritime. For this purpose, both countries have decided to open a Chennai-Vladivostok maritime corridor.

Chennai-Vladivostok Maritime corridor on the way

The sea route covers 10,300 kms. It is expected to cut short the current 40 days shipment timing to 24 days. The route will sort out the recurring issues like an absent private sector and poor logistics which have historically hampered bilateral trade between both countries. The trade route will provide multiple points of advantage to both countries.

It will drastically increase the India-Russia oil trade which is already at an exceptional level at this moment. Though the main reason for currently increased trade is Western sanctions, the maritime route will solidify it. In the wake of India’s oil demand increasing by 1.5 times in 2040, it will be immensely beneficial for us, and at the same time, Russia won’t need much of the Chinese market.

Time to get dividends

Similarly, the route will also shorten India’s gas dependence on Gulf. It sounds unbelievable, but our 40 percent of gas needs are fulfilled by Qatar alone. On the other hand, the demand for Russian LNG has stagnated in Japan and South Korea, which are its traditional destinations. The maritime route can alter equations for both these countries.

In the last 7 decades, Russia has rarely acted antithetical to India’s interests. It has been a reliable partner for India. Unlike other countries, it does not interfere with India’s policies. For this very reason, India has not participated in the sanctions war and now we are getting the dividends.

Support TFI:

Support us to strengthen the ‘Right’ ideology of cultural nationalism by purchasing the best quality garments from TFI-STORE.COM

Also Watch:

Tags: ArcticCountriesEastern forumeconomicfareastIndiaIndia'sMaritimeOilregionRouteRussiarussiansanctionstrade
ShareTweetSend
Previous Post

Patra Chawl Scam: The case that led to Sanjay Raut’s arrest, but there’s more to it

Next Post

75 Years of Independence – Where are Bharat and Pakistan now

Abhishek Kumar Singh

Abhishek Kumar Singh

Truth Seeker. Columnist at TFI Media.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Comments
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Meat Ban

A Jain responds to Meat Ban in Mumbai

Public Sector Bank, Government, Bill

Dear bank employees, continue your stride but PSBs will be privatized

anti-Hindi

Anti-Hindi Forever?- In search of a National Language!

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Battle of Colachel: The untold victory of Raja Marthanda Varma that threw out the Dutch from India forever

Battle of Colachel: The untold victory of Raja Marthanda Varma that threw out the Dutch from India forever

10 August 2022
End of JD(U)-BJP alliance has a positive note for the saffron party

End of JD(U)-BJP alliance has a positive note for the saffron party

10 August 2022
Charles Elwood Yeager

When a rookie Indian pilot showed digitus medius to Uncle SAM

10 August 2022
Divya Kakran

Kejriwal-led AAP’s ‘Kagaj dikhao’ demand to Divya Kakran backfires

10 August 2022

Popular This Week

BYJU’s
Analysis

BYJU’s on the road to become the next SAHARA….

by Rahul Gupta
1 July 2022
In global defence market, Tejas is top-shelf stuff
Defense

In global defence market, Tejas is top-shelf stuff

by Rahul Gupta
7 August 2022
Atul Kulkarni hindu
Cinema

Atul Kulkarni – A vicious brain behind an innocent artist

by Tanya Trivedi
8 August 2022
Jagariya family
Trending

Single Hindu family in Mumbai’s Muslim-dominated bhindi bazaar was thrown out, and then came Hindus

by Apoorva Shukla
3 August 2022
Oil India
Geopolitics

Russia replacing Saudi Arabia as India’s top oil supplier is giving sleepless nights to Gulf countries

by Rahul Gupta
6 August 2022

©2022 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
TFI Official Merchandise
TFI हिन्दी
TFI Global
  • About us
  • Careers
  • Brand Partnerships

©2022 TFI Media Private Limited

Follow us on Twitter

and never miss an insightful take by the TFIPOST team

Follow @tfipost