shot-button
BMC Elections 2026 BMC Elections 2026
Home > News > India News > Article > Russia acknowledges Indias trade deficit concerns says efforts underway to resolve issue

Russia acknowledges India’s trade deficit concerns, says efforts underway to resolve issue

Updated on: 03 December,2025 08:14 AM IST  |  New Delhi
Agencies |

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

Russia acknowledges India’s trade deficit concerns, says efforts underway to resolve issue

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. 


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



While this statement was directed against the US, Peskov praised the latest mediation efforts by America to end the Ukraine war “as very effective”.

“We hope it will succeed. We are ready to contribute to it,” he said hours before US negotiator Steve Witcoff is scheduled to meet Putin.

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!

Did you find this article helpful?

Yes
No

Help us improve further by providing more detailed feedback and stand a chance to win a 3-month e-paper subscription! Click Here

Note: Winners will be selected via a lucky draw.

Help us improve further by providing more detailed feedback and stand a chance to win a 3-month e-paper subscription! Click Here

Note: Winners will be selected via a lucky draw.

moscow new delhi russia india India news national news

Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK