After oil diplomacy, Russia is now promoting Indian pharmaceutical companies to replace Western manufacturers in Moscow

Russian Ambassador to New Delhi Denis Alipov said Indian pharmaceuticals could replace Western manufacturers leaving Moscow, ANI reports.

Alipov hailed India as the pharmacy of the world and acknowledged that the country is one of the leading producers of genetic drugs that are “not inferior” to their original versions.

“The withdrawal of many Western companies from the Russian market and the slots that have been freed up could actually be filled by Indian companies in many sectors, especially in the pharmaceutical sector,” the Russian envoy was quoted as saying by the aforementioned publication. .

India has so far abstained from voting on United Nations (UN) resolutions condemning the Russian invasion of Ukraine.

Moreover, Indian refiners have also accepted Moscow’s offer to buy oil at a discount amid rising global crude prices.

Recently, major Indian refiners like Hindustan Petroleum Corporation Limited (HPCL) and Indian Oil Corporation (IOC) respectively ordered two and three million barrels of Russian oil for May loading.

Alipov also referred to India’s unique diplomatic policy and remarked that “the Prime Minister (Modi) and the Indian leadership respect the state’s consistent independent policy in international affairs.”

He added, “We have repeatedly stated that we welcome India’s independent foreign policy and enhance its role and influence in the international arena.”