Russians Eye India For Business Amid Sanctions As Companies Seek New Opportunities

In an exclusive conversation with Geeta Mohan, Senior Executive Editor, Foreign Affairs, Dmitriy Belozeroff, Country Manager at Sber Bank, shares his insights on the growing interest of Russian companies in the Indian market. Despite US sanctions creating a challenging business environment, Belozeroff highlights that many Russian businesses are exploring opportunities in India, from opening subsidiaries and project offices to joint ventures with Indian enterprises. He also emphasises that sanctions, while a constraint, are often seen by savvy businessmen as an opportunity to find innovative solutions, making India an increasingly attractive destination for investment and expansion.