CII inks MoU at St Petersburg International Economic Forum with Russian counterpart to boost economic ties

NEW DELHI: Industry body CII today signed a pact with its Russian counterpart to strengthen bilateral economic cooperation between the countries.

The MoU was signed during the St Petersburg International Economic Forum.

A CII CEOs delegation led by its President Sumit Mazumder is in Russia accompanying Commerce and Industry Minister Nirmala Sitharaman.

The chamber also said that during their interaction with Sitharaman, industry leaders raised the issue of possibility of Rupee-Rouble trade, financing for oil trade and barter trade in commodities.

The Commerce Minister highlighted the efforts being taken by the government to address these issues with the Russian government, it said.

She was of the view that Indian companies should focus on specific business issues and share it with the government and embassy, so that an appropriate platform can be created to address and resolve those matters, it added.