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President Putin assured Indian premier of fertilizer supplies

Modi and Putin also discussed energy ties (oil & gas) besides coal, coking & other investments in each other’s country, ET has learnt. It is also understood that the two sides are exploring various connectivity corridors for oil exports from Russia to India besides the usual shipping routes. The two leaders are understood to have discussed predictability of supply of key commodities to India.


The meeting between Prime Minister Narendra Modi and President Vladimir Putin on Friday here focused not just on current geopolitics, but considerable time was devoted to Russian fertiliser and energy supplies including its connectivity route, with Putin assuring Modi to step up fertiliser exports to India to meet demands of local farmers.


Modi and Putin also discussed energy ties (oil & gas) besides coal, coking & other investments in each other’s country, ET has learnt.

It is also understood that the two sides are exploring various connectivity corridors for oil exports from Russia to India besides the usual shipping routes.


The two leaders are understood to have discussed predictability of supply of key commodities to India.


Hinting at expanding fertiliser exports to India, Putin told Modi in his opening statement, “Constructive relations between our countries in the economic sphere are obviously developing. The trade turnover is growing, including due to, as you requested, additional deliveries of Russian fertilisers to the Indian market. Supplies of fertilisers from Russia to India increased by more than eight times — not by some percentage, but by more than eight times. I hope this will help Indian farmers solve the complex tasks of providing food for the country's population.”


India’s fertiliser imports from Russia rose to $1.03 billion in April-July 2022 from $150.28 million in the same period last year, according to India’s commerce ministry.


From April to June, India imported 7.74 million tonnes of Russian fertiliser, making the country India’s top supplier, according to information provided in Parliament by minister of chemicals and fertilisers Mansukh Mandaviya.


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