New Delhi, Aug. 20 -- Regarding oil import prices amid tariffs, Evgeniy Griva, Deputy Trade Representative of Russia to India, stated that a 5% swing is possible subject to negotiation, according to the Russian Embassy in India.

Speaking on trade relations between the two countries, Griva said, "We can predict that the usual growth of trade will be approximately 10 per cent. Indian exports to Russia are growing bigger and faster...Export of machine tools, electronic devices, pharma and chemicals is big."

He added that despite the pressure on Russia and its economy, there is an increase in cooperation, especially in the financial sphere through Rupee-Ruble payments between India and Russia, highlighting that despite external pressures, t...