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Russia eyes $100bn trade with India by 2030

Published on: December 6, 2025 2:09 PM

Russian President Vladimir Putin and Indian Prime Minister Narendra Modi agreed to expand trade and strengthen defence ties. They met in New Delhi during Putin’s first visit since Russia’s 2022 invasion of Ukraine. Russia also offered uninterrupted fuel supplies, but India responded cautiously.

During the summit, both leaders emphasized their countries’ decades-long partnership. They signed agreements to boost agriculture, healthcare, shipping, and defence cooperation. Additionally, they planned a joint fertiliser venture and easier movement for Indians working in Russia. The leaders said trade could reach $100 billion by 2030.

Read more: Putin in Delhi: Tale of Indian Duplicity

India stressed commercial decisions guide energy imports. State refiners placed orders from non-sanctioned Russian suppliers. Modi highlighted that energy cooperation continues despite US sanctions and market pressures. Meanwhile, Putin questioned why India cannot buy Russian fuel if the US continues purchases.

The summit reaffirmed India-Russia resilience amid external pressure. Modi called the ties a “guiding star” that has always stood the test of time. Both leaders agreed on economic programs for 2030, aiming for diversified, balanced, and sustainable trade. They also emphasized peaceful resolution of conflicts, including the Ukraine war.

Read more: Putin lands in India for high-stakes defence and trade talks

Putin received a 21-gun salute at Rashtrapati Bhavan, welcomed by a large delegation. Deals also include joint production of defence components in India. The summit highlighted global diplomatic balancing, as India negotiates US trade deals while maintaining close Russian relations.

Filed Under: World Tagged With: $100 billion trade target, Defence Cooperation, Diplomatic balancing, Energy supplies, Joint fertiliser venture, Latest, Narendra Modi, Russia-India summit, Trade expansion, Ukraine conflict, Vladimir Putin

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