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 Trade & Industry Ministry has stated that Russia will impose increased customs duty of 35% on perfume, eau de toilette, powder, hair and lip makeup products, as well as skin care products imported from unfriendly countries. The tariffs are immediately effective. The Ministry notes said that the updated list of goods subject to duty […]
The Indian Embassy in Moscow has stated that during 2024, the number of Indian tourists visiting Russia exceeded 120,000 people, and added that “If this trend continues, the mutual tourist flow can potentially surpass 450,000 for 2025.” In 2023, around 60,000 Indians visited Russia, while an estimated 160,000 Russians travelled to India – more than […]
The 8th Session of the India-Russia Working Group on Priority Investment Projects has been taking place in Delhi, co-chaired by Amardeep Singh Bhatia, Secretary of the Indian Department for Promotion of Industry and Internal Trade, and Vladimir Ilichev, Russia’s Deputy Economic Development Minister. The session took place in the framework of the India-Russia Intergovernmental Commission […]
The United States has today (April 2) released new, immediate sanctions on Russia and in particular its energy sector. These appear based on a list of 50 measures introduced as a bill by several US Senators on Monday. Interestingly, these contain substantial penalties for third countries either buying from or handling Russian oil. Touted by […]
India and Russia have launched annual joint naval exercises in the Bay of Bengal, designed to strengthen their defence cooperation. The Indra Navy 2025 exercises involve a wide range of activities, including communication training, maneuvering in formation, and artillery firing against sea and air targets. The Russian ships participating are the corvettes ‘Rezkiy’ and ‘Hero […]
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Russia’s FESCO transport has delivered refrigerated Indian grapes to the Russian consumer market for the first time, replacing EU sourcing markets, while continuing to buy grapes from Central Asia. The 80-tonne shipment was loaded into four forty-foot refrigerated containers at the Indian exporter’s warehouse. The consignment was then transported to the Nava Sheva port near […]
Russia and India have been exploring ways develop their bilateral trade partnership, with officials and experts participating at the “Russia and India: Towards a New Bilateral Agenda”, organized by the Russian International Affairs Council (RIAC) in Moscow. The event, which took place last Thursday (March 27) with support from the Indian embassy, highlighted that while […]
Indian imports of Russian crude oil have rebounded significantly in March, with lower prices making it more economical for Indian refiners, according to India’s Financial Express media yesterday (March 24). The cheaper prices have also led to an increase in the availability of non-sanctioned tankers, making it easier for Indian companies to transport oil. As […]
Moscow based Rusal has signed an agreement with India’s Pioneer and KCap to purchase the Pioneer Aluminium Industries Limited alumina refinery, with capacity to produce 1.5 million tonnes per year, the Russian company said. Rusal are the world’s second largest aluminium manufacturer, accounting for almost 9% of the world’s primary aluminium output and 9% of […]
The Russian Foreign Minister, Sergey Lavrov, has stated that “Eurasia needs a continent-wide structure akin to the African Union or the Community of Latin American and Caribbean States (CELAC)” in interviews this week. Bearing in mind that Western Europe already has the European Union and the Organisation for Security & Defence in Europe (OSCD), his […]
Russia supplied 896,800 tonnes of peas to India, worth US$424.9 million in 2024, becoming the second largest supplier of peas to the Indian market after Canada, according to India’s Ministry of Commerce and Industry. The humble pea is a popular item in many Indian dishes. Peas have climbed sharply in price on the Indian domestic […]
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