Indo-Russia trade not encouraging

Chandigarh, October 7 :

Russia has expressed disappointment with the current level of trade and investment with India and identified ‘infrastructural constraints’ as the chief obstacle in realising the full potential of economic relations between the two countries.

“The current volumes of trade and economic cooperation between our countries are not commensurate with the extraordinary level of strategic partnership,” Russian ambassador to India Vyacheslav I Trubnikov said at a seminar here.

During 2005, the Russian-Indian trade turnover reached only $3.1 billion that is several times less than India has with other large countries, he said. Investment cooperation between India and Russia remains small with Russian investment in India making up less than one per cent of the total investment.