Russia keen that Indian companies take over businesses abandoned by US, European companies

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Russia has shown keen interest in Indian companies taking over businesses abandoned by US and European companies amid the prolonged war with Ukraine.

It wants Indian corporates to take advantage of the St. Petersburg International Economic Forum (SPIEF) to strike deals and establish themselves in the fastest growing economy in Europe.

Alexey Valkov, Deputy Director of the Roscongress Foundation and Director of SPIEF, told that the Russian economy has several niche areas that have been left vacant by European and American companies that had to leave due to pressure from their governments.

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