India s Exports to Russia-Complexities and Contradictions

India's Exports to Russia Complexities and Contradictions R G Gidadhubli In the context of the economic liberalisation taking place simultaneously in the two countries, the potential for expanding trade between India and Russia is very considerable. There are, however, a number of complexities and contradictions among them, the multiplicity of trade channels, the lack of transparency in the release of debt repayment rupee funds through so-called tenders, the uncertainties and irrationalities of Russia's import regulations and tax structure and the activities of fly-by-night operators out to make quick profits which come in the way of the growth of India-Russia trade relations on a sound basis.