As per the original plan, the Hanimaadhoo airport in the Maldives should open this year. From the international perspective, the important aspect is that the infrastructure is coming up thanks to a loan offered by India in a country where New Delhi’s influence continues to clash with that of Beijing. But there is more to … Read more
When India’s External Affairs Minister Subrahmanyam Jaishankar went to Moscow last week, he appeared to turn the page in India-Russia ties after two years of tightrope walking. For the better part of the last two years, even as it had maintained neutrality on Ukraine and rapidly expanded trade with Russia, India had been wary of … Read more
Advertisement Much has been written about the potential of the International North South Transport Corridor (INSTC) as a geopolitical game changer and, at least among some Indian commentators, a better and fairer alternative to the China-led Belt and Road Initiative (BRI). INSTC would run from Russia through the Caspian Sea, with a stop in Azerbaijan, … Read more
Pacific Money | Economy | South Asia Even as India-Russia energy trade witnessed significant growth, the rupee-ruble system could not gain traction as expected. Advertisement Recently, India and Russia decided to halt talks on reviving the Soviet-era rupee-ruble currency exchange mechanism after both sides failed to resolve teething troubles that hindered its successful implementation. In the wake of Western … Read more