India plans to increase deliveries to Russia by another $2 billion by exporting goods that were stopped from being delivered to Russia due to international sanctions. This was reported by Bloomberg, citing its own sources..

To keep trade going, Indian Prime Minister Narendra Modi's administration is in talks with Moscow to liberalize market access for several Indian-made products..

Now the governments of the two countries are developing a payment system in local currencies in order to trade in rubles and rupees.. They are also looking for ways to balance trade, given that India is a net importer of Russian goods..

India wants to export goods that other countries used to supply but stopped after US and allied sanctions, sources said.. These may include pharmaceuticals, plastics, home furnishings, organic and inorganic chemicals, rice, tea and coffee, dairy and bovine products..

Bloomberg noted that according to the analysis of the trade department, India can easily increase exports to Russia of the 20 most necessary items for it.. In particular, among other goods that India seeks to supply to the Russian Federation are seafood, textiles, clothing, footwear, appliances and electronics..

Currently, Indian exports to the Russian Federation are only $3 billion, while the country supplies products to the United States for more than $68 billion.. Total bilateral trade between India and Russia was $11.8 billion in 11 months since April 2021. This is more than the $8.1 billion recorded in the previous full year..

Earlier, Indian Prime Minister Narendra Modi condemned the killing of civilians in Bucha, but did not refuse to purchase Russian oil.. He also invited Vladimir Putin to hold direct talks with Vladimir Zelensky.