The Sistema-Shyam telecom license cancellation threatens to cast a long shadow over India-Russia ties. CNBC TV18's Siddharth Zarabi caught up with Alexander M Kadakin, the second time Ambassador of the Russian Federation to India.
In his first exclusive TV interview on the recent developments, Kadakin warned that Russia would not allow its taxpayers money to go waste due to India's internal politics, adding that while Sistema and Russia were keen to resolve the matter, one of the options could also be to exit India.
Here is an edited transcript of the interview on CNBC-TV18.
Q. Let me begin by asking you about the Russian Deputy Prime Minister's short visit to India. Although Russian-Indian economic cooperation has continued for many years, for the last few months we saw some irritants coming up. It seems that (due to recent developments) investors from around the world and obviously investors from Russia too may have some concerns about India's quality and attractiveness as