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’s imports of Russian crude oil are expected to reach around 1.8 million barrels per day in May, the highest level in 10 months, according to ship-tracking data from Kpler. The surge is attributed to refiners purchasing more light grades, such as Russia’s ESPO Blend from the Eastern Siberian-Pacific Ocean pipeline. Traders predict that the […]
The Russian Foreign Minister, Sergey Lavrov has held telephone discussions with Pakistan’s Deputy Prime Minister and Foreign Minister, Ishaq Dar, at the initiative of the Pakistan government, on May 4th. The parties specifically discussed the dangerously growing tensions between New Delhi and Islamabad. The Russian side stressed its readiness to contribute to a political settlement […]
Russia’s Foreign Minister Sergey Lavrov has held a telephone conversation with Indian Foreign Minister Subrahmanyam Jaishankar on May 2. They discussed topical issues of Russian-Indian interaction as well as Indian-Pakistani relations following the terrorist attacks in Kashmir. Russia has called for the two parties to settle the differences between New Delhi and Islamabad by political […]
Russia’s Roscosmos space agency head, Dmitry Bakanov has said that Russian technologies can be applied in building India’s national space station, and negotiations on this matter are underway. Bakanov said that “We are in talks, including with Indian partners, to help them with their space station using our technologies.” The Indian Space Research Organisation has […]
Russia has proposed a series of measures to India to expand imports of Russian coal, the Russian Energy Ministry said after Coal Industry Department director Pyotr Bobylev visited the country, and has suggested signing an intergovernmental agreement to support imports of coking coal as well as establishing supply volumes for thermal coal. Bobylev said that […]
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The International North-South Transportation Corridor (INSTC), which links Russia to the Middle East, East Africa and South Asia, is set to increase its carrying capacity by 8.3 million vehicles per year, according to the Russia Federal State Budgetary Institution, Rosgranstroy. All major construction and reconstruction works are expected to be completed by 2030, which includes […]
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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