India Worried About Its Exports Due to Russia-Ukraine Conflict

Union Finance Minister Nirmala Sitharaman on Monday said the government is worried about the impact of the Russia-Ukraine conflict on India’s foreign trade, particularly farm sector exports.

In a post-budget interaction with business and industry leaders in Tamil Nadu, Sitharaman said the government is closely monitoring the evolving situation in the Russia-Ukraine region and assessing the impact of the conflict on the country’s trade.
“We are rightly worried about what comes from there but I am more worried about what is going to happen to our exporters who are doing very well, particularly the farm sector, to Ukraine and Russia,” the Finance Minister said.

“The government is already looking at the emergent situation. But I will have to have a complete assessment through the various concerned ministries and only then will be in a position to comment on it,” she said.

The Finance Minister pointed out that Ukraine is a major supplier of sunflower oil seeds and fertilizers and the disruption in supply would impact essential commodities like edible oil.

“But you can be assured that we are fairly seized of the matter in its granular form because it’s going to have an impact on the essentials which come,” she said. (ANI)

0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments

We use cookies to give you the best online experience. By agreeing you accept the use of cookies in accordance with our cookie policy.

Privacy Settings saved!
Privacy Settings

When you visit any web site, it may store or retrieve information on your browser, mostly in the form of cookies. Control your personal Cookie Services here.

These cookies are essential in order to enable you to move around the website and use its features. Without these cookies basic services cannot be provided.

Cookie generated by applications based on the PHP language. This is a general purpose identifier used to maintain user session variables. It is normally a random generated number, how it is used can be specific to the site, but a good example is maintaining a logged-in status for a user between pages.

Used on sites built with Wordpress. Tests whether or not the browser has cookies enabled
  • wordpress_test_cookie

In order to use this website we use the following technically required cookies
  • wordpress_test_cookie
  • wordpress_logged_in_
  • wordpress_sec

Decline all Services
Accept all Services
Would love your thoughts, please comment.x