Lavrov hopes to bypass sanctions on trade with 'friend' India
April 1, 2022, 3:50 pm

Lavrov hopes to bypass sanctions on trade with 'friend' India

Sergei Lavrov/Facebook page

The Newswep reported, Russian foreign minister said today 01-04-2022, his country will increase the use of non-Western currencies for trade with countries such as India, while welcoming India as a friendly country that does not have a “unilateral view” of the war in Ukraine.

Lavrov’s mission to boost support from a country that Moscow has long considered an ally comes a day after talks between senior US and British officials in New Delhi aimed at persuading the Indian government to avoid undermining sanctions. imposed after the Russian invasion of Ukraine in late February.

India and China are the only major countries that have not condemned Russia’s actions. Following Lavrov’s visit to China this week, Beijing said it was “more determined” to develop bilateral relations with Russia.

“We are friends,” Lavrov told a news conference after meeting with his Indian counterpart Subrahmaniam Jaisankar, adding that India views the crisis in Ukraine on the basis of “all the facts and not one-sidedly.”

Flag of India-national flag (File photo: Pixabay)

Lavrov said that Russia’s central bank had set up a financial disclosure system several years ago and that India had a similar system.

He said: “It is absolutely clear that more and more transactions will be made through this system that uses national currencies, bypassing the dollar, the euro and other currencies."

Russia's Lavrov meets with Ukraine's Kuleba in Turkey for first time since the invasion

Russia is India’s largest supplier of defense equipment, and Lavrov said the two countries would use a rupee-ruble mechanism to trade oil, military equipment and other products.

Lavrov said: "We will be ready to provide whatever products India wants to buy.” He added: “I have no doubt that a way will be found to bypass the artificial obstacles created by illegal unilateral sanctions from the West. “This is also related to the field of military technical cooperation.”

Lavrov said there was some progress in negotiations with Ukraine.

India buys Russian oil despite calls not to from the US and other countries

He said: “Nuclear-free, non-coalition, neutral regime – this is now recognized as absolutely necessary."

Lavrov is expected to meet with Prime Minister Narendra Modi before leaving tonight.

Source: newswep

License is now needed for e-scooter riders in Dubai Egyptian and Ukrainian presidents discuss again developments of the Ukrainian crisis

BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”