Home World News Mutual big investments will enable India & Russia to navigate geo-politics

Mutual big investments will enable India & Russia to navigate geo-politics

1
Large investments in each other’s economies including in the energy sector will give both India and Russia an even bigger stake in each other’s long-term welfare. This will provide ballast if the two countries have to negotiate with each other over the complex geopolitical dynamic of the region, suggested Mumbai-based think-tank The Gateway House in its recent report titled, “India-Russia: Energy and economic security” published days after the 21st edition of India-Russia annual summit.

“Indian oil companies already have multibillion-dollar investments in Russian oil fields at Sakhalin, Vankorneft and Taas-Yuryakh. However, these investments cover only a small part of India’s oil requirements and need to be scaled up. A partial solution to India’s energy problems would be to invest directly and acquire a 5-10% stake in Rosneft and Gazprom. These are both dividend paying companies—a spike in oil and gas prices would increase the profits…

Click here for full article…