The Ministry of Commerce sets up a help desk for trade issues related to Russia and Ukraine

The Commerce Ministry said on Friday it had set up a helpdesk to support and resolve traders’ issues due to the Russia-Ukraine dispute.

Import-export communities can submit details of their issues on the DGFT website, where support is required.

Considering the current international situation, the Department of Commerce and the General Directorate of Foreign Trade (DGFT) have undertaken to monitor the status and related difficulties faced by stakeholders on Russian-Ukrainian trade issues.

“The Department of Commerce/DGFT has established a helpdesk to support and seek appropriate solutions to India’s international trade issues in this regard with immediate effect,” the DGFT said in a trade advisory.

The status of the case can be tracked using the DGFT Support Services Status Tracker.

On Thursday, Russia launched a major military offensive in Ukraine, targeting various cities and military installations that had left the world stunned.

Bilateral trade between India and Russia has stood at $9.4 billion so far this fiscal year, compared to $8.1 billion in 2020-21.

India’s main imports from Russia include fuels, mineral oils, pearls, precious or semi-precious stones, nuclear reactors, boilers, machinery and mechanical appliances; electrical machinery and equipment and fertilizers.

While India’s major export products to Russia include pharmaceuticals, electrical machinery and equipment, organic chemicals and vehicles.

India’s two-way trade with Ukraine has stood at $2.3 billion so far this fiscal year, up from $2.5 billion last fiscal year.

The main Indian products imported from Ukraine are agricultural products, metallurgical products, plastics and polymers, etc., while pharmaceuticals, machinery, chemicals and foodstuffs, etc. are the main exports Indians to Ukraine.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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