Category: Subrahmanyam Jaishankar

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India’s External Affairs Minister Shuns BRICS Currency Talks, Prioritizes Rupee’s Strength Instead

July 11, 2023

Members of the BRICS alliance are meeting at a summit in Johannesburg, South Africa, in August, focusing attention on the potential for the BRICS bloc to create a gold-backed reserve currency. However, Subrahmanyam Jaishankar, India’s external affairs minister, said India isn’t interested in issuing a common BRICS currency. Instead, he said India is more concerned…
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Russia Negotiating Free Trade Deal With India to Facilitate Imports in the Face of Sanctions

April 18, 2023

Russia is in the process of negotiating a free trade deal with India in order to substitute part of the products and investments that were banned by sanctions enacted after the Ukrainian conflict erupted. Russia is now the largest oil supplier of India, with the country taking advantage of the discounted Russian crude. Russia and…
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