Russia and India could reach an annual trade...

Indian Prime Minister Manmohan Singh is in Russia on a three-day official visit on an invitation from Russian President Dmitry Medvedev. They held informal talks today and are to hold full-scale talks in the Kremlin on Monday.

"Despite the negative consequences of the global crisis, bilateral trade has continued to grow. The goal to reach the $10 billion mark by the end of 2010 is quite achievable," the Kremlin said.

Singh said on the eve of his visit to Russia that the energy sector possessed considerable potential for growth and was of particular interest for India.

India"s state-owned Oil and Natural Gas Corporation (ONGC) is currently taking part in Sakhalin-I, an oil and gas project off the coast of Russia"s Pacific island of the same name. It is also the owner, via subsidiary ONGC Videsh Ltd. (OVL), of British oil company Imperial Energy, with production licenses for fields in west Siberia"s Tomsk Region.

Atomstroyexport, Russia"s nuclear power equipment

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