Russia's Lavrov talks security, trade issues with Indian counterpart

Russia's Foreign Minister Sergei Lavrov held talks with his Indian counterpart Subrahmanyam Jaishankar in New Delhi on Wednesday, a day before attending the G20 foreign ministers meeting, Indian and Russian officials said.

The two ministers assessed the current security situation in the context of the Russia-Ukraine conflict and ironed out issues on the use of local currencies for settling trade, said a senior Russian official.

Lavrov is scheduled to meet his Chinese, Bangladeshi and South African counterparts later on Wednesday, the official added.

"We will urge our constructive colleagues in the G20 to convert to national currencies, to align clearing and settlement mechanisms, and to create independent insurance plans and transport routes," the Russian embassy in New Delhi said in a statement ahead of the meetings.

"We will describe in detail Russia's actions to reduce these threats and diversify foreign economic ties and logistics corridors."

India has refused to blame Moscow for the Ukraine conflict, while seeking a diplomatic solution and sharply boosting its purchases of Russian oil.

A Russian foreign ministry official said Lavrov was aiming to meet at least seven foreign ministers on Wednesday before the dinner hosted for all representatives from 40 countries.

"The G20 meeting has given Russia the opportunity to engage directly with many countries who wish and choose to continue trade with Russia," the official said, requesting anonymity as he is not authorised to speak with the press.

The G20 includes the wealthy G7 nations as well as Russia, China, India, Brazil, Australia and Saudi Arabia, among other nations.

India has also invited nine other countries as special guests.