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.
India is planning to send cargo ships along the Northern Sea Route from next year, according to Shri Venkatesapathy, the Indian Shipping Ministry joint secretary. For India, the Arctic route can save up to 40% in distance and about two weeks in travel time to most European ports.
Russia presented the concept and structure of the proposed BRICS Grain Exchange and how it will work at the 16th meeting of the BRICS Economic and Foreign Trade ministers in Jaipur last week, according to the Russian Economic Development Ministry. Russia proposed to create the BRICS Grain Exchange as a unified digital trading platform where […]
Russia has been developing a massive international railway strategy that includes multiple industrial development sectors and infrastructure across Central Asia, the Middle East, India, China, and deep into Southeast Asia on a scale little recognised. We deep dive the expansion of Russia’s railway development, how it is managing this, and the potential new routes that could become available.
The BRICS nations are discussing linking their payment systems and central bank digital currencies (CBDCs) as they explore ways to reduce the costs and increase the speed of cross-border payments, according to Reserve Bank of India (RBI) Governor Sanjay Malhotra. He said that “Cross-border payments is an area of interest for all of us, including […]
Russia has proposed developing new rail connectivity to India, with multi-modal options available via Iran and Pakistan, and Uzbekistan, Afghanistan and Pakistan. Significant diplomatic efforts will need to be put in from both Moscow and Beijing to see these concepts come to fruition. But a failure to do so could also damage India and Pakistan’s trade and energy supply chain capabilities.
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Russia’s Berezovsky city, in Siberia, is developing a new freight and logistics centre to link with the eastern INSTC and better connection with markets in India and Iran. It offers opportunities to increase trade in both directions and includes Russia’s third largest city as a potential market.
India imported a new record amount of Russian crude oil in July, defying US sanctions and tariffs threats. The United States has threatened 100% tariffs on imports from countries buying Russian oil, but the strategic and economic dynamics suggest this is unlikely to happen. We examine why.
Russia and India are preparing for the pending Free Trade Agreement between India and the Eurasian Economic Union with logistics and other agreements all being worked on. They are preparing all sides for what can be expected to result in a significant boom in trade. India’s trade with all EAEU members is already showing significant increases.
Russia has become the world’s second largest supplier of coriander spice to the global market, according to the Russian Agroexport federal center. India is the largest exporter, while most of Russia’s exports go to ASEAN, Central Asia and the Middle East.
Russia’s Foreign Minister Sergey Lavrov has met with Subrahmanyam Jaishankar, the Indian Minister of External Affairs. With bilateral relations booming, we discuss the current state of industrial cooperation in infrastructure, logistics, manufacturing, agriculture and trade.
The Shanghai Cooperation Organisation Foreign Ministers Summit has just concluded in Kyrgyzstan. Russia’s Foreign Minister also had specific meetings with China, Iran, and Pakistan. We discuss the key developments including the potential establishment of an SCO Development Bank.
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