India seeks bioenergy cooperation with Russia to diversify trade
1 report, 1 independent
Updated Oct 16
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What happened
India is seeking bioenergy cooperation with Russia as part of its economic diversification efforts. This move follows a period where India's purchases of discounted Russian crude oil drove bilateral trade from about $13 billion in 2021 to nearly $68-69 billion in FY2024-25.
From indiatimes.com
Why it matters
The current trade imbalance, which sees Russia exporting more than $60 billion worth of goods annually to India, has created structural vulnerabilities. To navigate this imbalance, the two countries are looking to expand cooperation into new sectors that generate investment and long-term value, such as bioenergy.
Nick Andrews has been appointed as the CEO of Bioenergy.
From indiatimes.com
Who's involved
- BioenergyIndustrial holding company seeking new markets for bioenergy
- Nick AndrewsResearcher and CEO of Bioenergy