India-Russia trade is undergoing a major structural reset, transitioning from a relationship dominated by energy and defense into a diversified economic partnership. President Vladimir Putin and Prime Minister Narendra Modi formalized a blueprint for long-term economic integration with targets to reach US$100 billion by 2030. Explore the Russia-India business corridor. Find analysis on bilateral trade, strategic joint ventures, and investment opportunities. Key intelligence for companies in this growing partnership.
Russian coal exports from Vostochny Port in the Russian Far East to China have reached record highs. China is the world’s largest consumer of coal and coal power in the world, and consumes more than it can produce. Coal prices are also at record highs and are expected to remain so for several weeks.
The Russian Foreign Minister, Sergey Lavrov has held 50 meetings while attending the United Nations in New York. We examine each of these, including important discussions with the United States, and Germany and look at the significance of Russia’s expanding international diplomacy and what this means in terms of foreign policy developments and potential outcomes.
The Russian Agroexport Federal Center has held meetings with the Indian Pulses and Grains Association (IPGA) in Moscow to discuss legume supplies. These are a popular consumer item in India and a stable food used to make dhals. However, India cannot produce enough and will have a shortfall of about 14 million tonnes by 2030. Russia is looking to fulfill the demand.
The Eurasian Economic Union and the Shanghai Cooperation Organisation have agreed a Joint Action Plan to cover the period 2027-2030. This covers important trade development areas including digitalization, information and communication technologies, customs regulation, agro-industry, food security, sanitary and phytosanitary measures, consumer protection, green-economy issues and information exchange. We deep dive the contents to explain exactly what this means and the impact on EAEU and SCO members.
Russia’s trade with the Global South and ‘friendly’ countries now accounts for 85% of its total, reaching about US$299 billion in H1 2026. The West provides just 15% of Russia’s economic trade and continues to decline. We examine the main Global South trade partners in all regions, and provide the latest H1 2026 trade data. There are some surprising results for those who assume Russia only trades oil with China and India. The non-energy sector on a worldwide basis is increasingly dominant as Global South trade volumes continue a Russian growth trajectory.
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Russia’s exports of sunflower oil to India are up 34.7% in value in the first seven months of this year. Russia is India’s biggest supplier of sunflower oil, which is used extensively in Indian cuisine.
The WorldFood and Russian Sea Food Expos have been taking place in Moscow and St. Petersburg with significant trade delegations attending from China, India, ASEAN, Brazil, Egypt and the Middle East as well as most of the Global South nations. We discuss in considerable detail how Russia’s agricultural trade is interacting with these international markets in both exports and imports, within an industrial sector whose output is measured in the trillions of dollars.
The (BRICS) New Development Bank has been given a new strategic focus with its New Investment Platform giving it a far more significant role in trade development and investment. This has flown somewhat under the radar and been little commented on – however the implications are substantial. It will significantly improve BRICS trade and investment as well as change global trade flows. We explain the NDB’s New Investment Platform, what it includes, how it works and the impact on project financing and future trade.
The BRICS 2026 Summit in New Delhi has concluded, resulting in a unanimous, 100 point ‘Delhi Declaration’, and over 50 planned initiatives. With BRICS now responsible for nearly 40% of global GDP and 25% of global exports, what these documents contain matters. We deep dive the results and provide analysis of what BRICS 2026 achieved, the development path ahead and the implications for global trade.
The Vladimir Putin-Narendra Modi meeting on September 11th was also attended by significant delegations from both sides. Rather more than a diplomatic chat, significant progress was made in financial settlements architecture, India’s nuclear energy programme, Indian manufacturing localisation of Russian designed military equipment. and developments in Outer Space. We provide the full details.
Russia’s Giredmet Institute, a subsidiary of Rosatom, and India’s ALT Metals have signed a contract to build a trial titanium sponge production facility in India. The product is used in aircraft manufacturing. Russia and India are also discussing the localized production of Russian designed aircraft in India. Several other Rosatom subsidiaries have also signed agreements with Indian firms as the bilateral industrial relationship continues to deepen.
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