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India and Russia

Bilateral relationship   From India to Russia  Russia is the largest investment destination for the Indian oil and gas companies. Indian public sector companies have made investments in Russia of about US $ 16 billion in oil and gas including in East and East Siberia.  From Russia to India   Russia is also the largest investor in india's  oil and gas sector and india is encouraging further investment by Russian companies in India's oil and gas sector specially in gas infrastructure. 
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JOINT COMPREHENSIVE PLAN OF ACTION

JCPOA


Joint comprehensive plan of action is also known as Iran nuclear deal or Iran deal which was an agreement on Iranian nuclear programme in 2015. 

The agreement signatory members are: 

  1. Britain 
  2. China 
  3. France 
  4. Germany 
  5. Iran 
  6. Russia 
  7. The U.S.

Under this deal Iran has been agreed to limit its sensitive nuclear activities and followed IAEA limits of 300kg uranium enrichment.

Issue: enrichment uranium is usedgor peaceful purposes including medical research and producing electricity but, if it is highly purified, it can also be used to make a nuclear bomb.

INSTEX- Stand for instruments in support of trade exchanges .

It is a special purpose vehicle established in January 2019 by E3i.e.,France,  Germany, United Kingdom  to facilitate non dollar trade with Iran unilateral withdrawal from JCPOA. This new trading system is designed to circumvent sanctions to Iran as of May 2019 use of SPVis limited to humanitarian purposes such as food and medicine .

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India and Russia

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