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Colombo has insisted it is trying to usher in a post-war reconciliation process.
Chidambaram has threatened to drag the European nation to multilateral foras like G20.
Russia is set to float a joint venture with Brazil to co-produce Sukhoi T-50 fifth-generation fighter jets.
India is among the best among the emerging markets, said Economic Affairs Secretary Mayaram.
He will unveil the next policy review on April 1.
Putin had earlier called the Indian PM to brief him on the Russian position on the referendum.
The Russian President has thanked India and China for supporting Moscow during the Ukraine crisis.
India reiterated its commitment to assist the war-torn nation.
India had earlier put its search operations, which included five warships and six surveillance aircraft, on hold.
India’s imports fell 17.09 per cent to $33.81 billion in February.
