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.
Russia’s Sberbank has plans to open ten branches throughout India to service Russian and Indian clients looking to conduct business in their respective countries. Bilateral trade hit nearly US$70 billion in 2025 and the financial architecture to facilitate and increase this is now being put into place. Most of this trade is in rupees and rubles and avoids SWIFT.
One of India’s largest pharmaceutical companies, Hetero Labs, is investing in a pharma manufacturing plant at the Technopolis Special Economic Zone near Moscow. The company manufacture drugs to deal with treatments of hepatitis, cancer, and tuberculosis.
Russia’s exports of sunflower oil, a key ingredient in Indian cuisine, has risen by 43% in 4M 2026 and means that Russia now provides 50% of India’s domestic needs. This is an excellent example of mutual BRICS trade.
Russia and India are negotiating a potential agreement for India to manufacture the Ilyushin 114-300 turboprop and the SJ-100 superjet under licence from Russia, in India, using both Russian and Indian parts. It could involve up to 200 aircraft.
India has agreed to sell the Russian Joint Venture, India manufactured Brahmos missiles to Vietnam in a US$600 million plus agreement, with similar deals also lined up with Indonesia.
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Russia and India have signed important rare earth development agreements at the RedMet 2026 congress in Moscow. These focus on the development of rare earth magnets, a crucial part of the global new-tech industry with applications in computing, smart phones, electric batteries and beyond. Both Russia and India have significant rare earth reserves, as does China, Kazakhstan, Vietnam and Brazil.
The BRICS Foreign Ministers have been meeting in New Delhi in arguably a more important event than Trump’s visit to China. We explore how Russia and India are remapping the Global South and are creating new energy supply chains, security alliances and trade corridors in mechanisms that will reshape international trade.
Russia’s President Putin gave a detailed speech on May 9 (Victory Day) in which he discussed his thoughts and Russia’s strategy as concerns its immediate direction towards the Global South. He commented specifically about Central Asia, the Middle East, South Asia and China as well as Europe, and how he sees global developments pan out. This article will be of interest to all Russia-watchers, geostrategic analysts as well as politicians in the West and Global South.
We deep dive the UAE’s decision to leave OPEC from May 1 and examine the impact on Russian, Asian and Global markets, and assess what other oil related supply shocks could manifest in these markets over the short, medium and longe terms.
The Russian-Indian Joint Venture Brahmos Aerospace has realised a 48.6% growth in profits for the past fiscal yea, according to financial results released on Wednesday. The company manufactures the Brahmos cruise missile which can fly at Mach 2.8 and cannot be intercepted by other defence systems.
Indian and Russian investors are building a US$2 billion Urea production plant at Togliatti to secure the future supplies of fertilizers to India following supply chain weaknesses uncovered during the Iran conflict. India is the world’s biggest urea importer.
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