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Indian Firms Signed Contracts To Receive Export Payments From Russia in Yuan: Pharma CEO_我的网站

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North Korea's leader Kim Jong Un and US President Donald Trump cross south of the Military Demarcation Line, after Trump briefly stepped over to the northern side, in the Joint Security Area (JSA) of Panmunjom in the Demilitarized zone (DMZ) on June 30, 2019. Photo: VCG
Just hours before a military exercise between the US and South Korea due to get underway on Monday, US President Donald Trump announced that Washington would reduce military exercises with key regional ally Seoul, citing his positive relationship with the North Korean leader and South Korea's lack of assistance with Iran, CNN reported.
Chinese experts see Trump's sudden decision to scale back military drills with South Korea as a signal of his intention to ease tensions on the Korean Peninsula and possibly return to direct diplomacy with Pyongyang. However, they warned that a carrot-and-stick approach may not work with Pyongyang, which has already seen Washington renege on its commitments. If Trump sincerely seeks peace on the peninsula, returning to the negotiating table with a genuine willingness to engage should be the first step.
Writing on Truth Social on Sunday, Trump said "based on my very good relationship with Kim Jong Un, of North Korea, I am not happy with the fact that the United States has, long ago, agreed to participate in Joint Military Exercises with South Korea."
"These exercises are not only costly, with much of these costs paid for by the United States of America (as usual!), but send a signal that is totally inappropriate and hostile, to a Country that, as long as Donald J. Trump has been President, has been unthreatening and respectful," wrote the US president, noting that since it was too late to cancel the exercises entirely, he had asked Defense Secretary Pete Hegseth to "substantially reduce" US participation.
The 11-day exercise, known as Ulchi Freedom Shield, was expected to involve about 18,000 South Korean troops. According to the US military, South Korean and US forces planned to conduct live-fire drills to test precision-strike and maneuver capabilities under complex operational scenarios, as well as river-crossing operations and the deployment of pre-positioned military supplies, South Korea's Chosun Ilbo reported.
Trump also reiterated his request for South Korea to help with the US war against Iran. "While somewhat unrelated, I recently asked the President of South Korea if they would like to join us in the Denuclearization of the Islamic Republic of Iran, and they said, 'No thanks!'" Trump wrote.
At a press conference of China's Foreign Ministry on Monday, a reporter also raised Trump's claim that he would scale back joint military exercises with South Korea, citing the high cost of the drills and his good relationship with North Korean leader, and asked how China would support the resumption of dialogue between the US and North Korea. Chinese Foreign Ministry spokesperson Lin Jian responded, "we have noted the relevant reports. Maintaining peace and stability on the Korean Peninsula and advancing the political settlement of the Korean Peninsula issue serve the common interests of all parties."
South Korean media Yonhap News Agency reported that Trump's instruction came as the situation on the Korean Peninsula remained tense again. The media noted that Trump's move can be seen as a conciliatory gesture toward the North Korea, after the White House repeatedly affirmed that Trump remains open to dialogue with Pyongyang "without any preconditions."
Trump has long sought to ease tensions on the Korean Peninsula, but his first-term diplomatic efforts produced few substantive results. The decision to scale back military exercises with South Korea may therefore signal an intention to send goodwill and return to direct diplomacy with North Korea, an unfinished piece of business from his first term, Song Zhongping, another Chinese military affairs expert, told the Global Times.
Long-standing tensions between the US and North Korea are a major source of instability on the Korean Peninsula, Lü Chao, an expert on East Asian studies at the Liaoning Academy of Social Sciences, told the Global Times, noting that the fundamental way to address these tensions is for the two sides to return to the negotiating table and resolve their differences through peaceful dialogue, rather than escalating tensions through displays of military force.
On August 13, a spokesperson for the Foreign Ministry of the Democratic People's Republic of Korea responded to the scheduled military drills between South Korea and the US. The spokesperson said that "it is our consistent principle of ensuring security to respond to a new level of a threat with a new level of a deterrent. DPRK remains steadfast in its will to frustrate outsiders' hostile acts with the most powerful and overwhelming force and absolutely defend the supreme interests of the state security," according to official Korean Central News Agency (KCNA).
On Saturday, Trump shared a photo of himself with Kim Jong Un, the top leader of the DPRK on Truth Social, and wrote that he and the North Korean leader "get along GREAT!"
During Trump's first presidential term, he and Kim first met in Singapore in June 2018, marking the first-ever US-DPRK summit. They met again in Hanoi, Vietnam in February 2019, and later that June in the inter-Korean border village of Panmunjom, according to Xinhua News Agency. 
North Korea's past dealings with the US, particularly the breakdown of bilateral negotiations without substantial progress, have eroded Pyongyang's trust in Washington, Lü said.
Therefore, if Trump genuinely wants to leverage his relationship with the North Korean leader to address tensions on the Korean Peninsula, emphasizing their personal ties alone will not be enough. Washington will need to demonstrate genuine sincerity and back its words with concrete action, according to the expert. 
。    Sputnik spoke with Dr. D. B. Bhaaskara, CEO of the multinational company Roerich Healthcare, about the current state of pharma trade with Russia.,Sputnik: Can you explain the current state of pharma supplies to Russia?,D. B. Bhaaskara: Currently, pharmaceutical shipments of Indian firms to Russia are at the same level even after the sanctions. But, there are many proposals (supplies) that Russians are not getting from the European Union. Russians are looking for these materials (chemicals, excipients, APIs [Active Pharmaceutical Ingredients]) with several Indian manufacturers. They have to develop links with Indian firms. There are many proposals from Russia - these proposals are under consideration from the Indian side.,Sputnik: There were reports of delayed payments from Russia initially after sanctions. As we see, trade has jumped manifold in the energy and fertilizer sectors. Do you think payment issues have been resolved in other sectors as well?,D. B. Bhaaskara: Several Indian companies have signed contracts in yuan, which means they are ready to receive payment in China's yuan. Still, the preferred mode of settlement is in the Indian rupee. As export procedures closed successfully in USD/euro/INR, Russians set aside yuan contracts.,My company is receiving regular payment without any delay in Indian rupees or USD or sometimes in euros.,Sputnik: What about logistical issues, as sanctions hit the shipping sector?,D. B. Bhaaskara: The logistical issues are still there because few airlines — namely Aeroflot, Emirates, Qatar, and Turkish — are available for transportation. Transportation costs are slightly high because of no regular cargo consignments. They vary between $8-12 per kg compared to $5 per kg in a normal situation.,Cargo sea shipment is still in a mess. The only port in Gujarat accepts Russian shipping. Here again, the container price is very, very high. We have to pay anything between $9,000 - 12,000 for a container. When there was no conflict or sanctions, it was $2,500 per container.,We have tried to send our shipments via Iran. So, from Gujarat port, the shipment reaches an Iranian port, and from there, it goes via road or rail to Moscow. But, it is taking a much longer time. In general, it is supposed to arrive in 30-40 days, but on an experimental basis, some companies sent their materials via the Iran route, [and they are] still on their way even after two months.,Shanghai is very crowded and has also been hit by the pandemic, making it unsuitable for us. So, the only problem right now is logistics; there is no payment issue.,Some Russian companies have an account with European banks operating in Russia dealing in oil and gas payments. Those banks are being used to send money anywhere worldwide, even with sanctions.,Sputnik: Western firms intended to withdraw their operations in Russia in response to Moscow's special military operation. Do you see some significant investments from Indian pharma companies in Russia to fill the vacuum created by the west?,D. B. Bhaaskara: There are long-pending proposals from a couple of governors, such as [in] Volgograd and Kazan, inviting India's major pharma companies to set up manufacturing units in their region. But, due to the pandemic, nothing moved ahead.,A delegation will be going to Russia to explore the opportunities in Russia in July. A few Indian companies, such as Sun Pharma and Advance Pharma, have manufacturing units in Russia doing finished formulations.,Hopefully, some new companies are interested in setting up units there now. But, Russia is looking to scale up raw material manufacturing, e.g., API. For this, much homework related to regulation should be done between the two governments, especially under sanctions.,Also, big companies such as Sun Pharma, Aurbindo, and Dr. Reddy, all with significant exposure to the US market, may try to avoid investing in Russia because they are scared of the risk associated with sanctions.,Medium-scale companies can come forward to set up raw material (API) manufacturing in Russia. However, it is unclear whether Indian workers/professionals can go and work in Russia. Setting up a new unit in unknown topography with a different language and culture is a little complicated. A lot of these questions are unanswered.。

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