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.
Agricultural trade between India and Russia has grown by more than 60% in the past year, Russian Deputy Prime Minister Dmitry Patrushev said during current talks with India’s Ambassador to Russia, Vinay Kumar. “We are interested in further developing mutual trade,” Patrushev said during the meeting, adding that Russia is ready to increase exports of […]
India’s Minister of Defence, Rajnath Singh has described Russia as a “longtime and reliable partner” in the security and defence sector. Speaking on the sidelines of the Aero India show that is currently underway in Bangalore, Singh highlighted the strong ties between the two countries, noting that Indian state-owned defence companies are now producing Russian […]
The upcoming BRICS Congress will take place in June, where it is planned to approve the creation of a BRICS Agrarian Alliance, according to Lyudmila Orlova, the President of the Russian National Movement of Conservation Agriculture. Orlova stated that “We held a round table in December and have now agreed on holding a congress and […]
Russia’s nuclear energy giant Rosatom has offered technology transfer to India for small modular reactors (SMR), as the country looks to boost nuclear energy generation. Rosatom is exploring the feasibility of setting up SMRs in the coastal areas of India, according to Indian media. Rosatom is currently developing India’s largest nuclear energy facility – the […]
In 2024, FESCO shipped more than 16,000 TEU between the Indian ports of Navasheva, Mundra and Novorossiysk via the FESCO Indian Line West (FIL-W) marine service, which is almost 7 times higher than last year. FESCO exported 7,000 TEU, and imported about 9,000 TEU. Currently, two container ships with a total cargo capacity of more […]
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Russia and India area set to sign off on an labour migration deal, an agreement will permit a flow of skilled Indian workers to Russia, Indian Ambassador to Russia Vinay Kumar has said. New Delhi and Moscow are actively discussing a memorandum of understanding to establish a Migration and Mobility Partnership Agreement, aiming to facilitate […]
The United States President, Donald Trump, has stated on his social media account that he intends to place 100% tariffs on all imports into the United States from BRICS countries if they discontinue using the US dollar in their multilateral trade relations and revert to using their own currencies. In this article we examine the […]
The Eurasian Economic Union (EAEU) may launch negotiations on a free trade agreement (FTA) with India in 2025. Deputy Economic Development Minister Vladimir Ilichev said that “this discussion has been ongoing for a long time. Moreover, on our side, at the EAEU level, all necessary decisions to begin negotiations have already been made. By the […]
India has permitted the Russian insurer Soglasie Insurance Company to provide marine cover to tankers entering Indian ports, according to the Indian ship regulator’s website, as New Delhi desires a reliable and steady supply of Russian oil in spite of the latest escalation of U.S. sanctions. Taking matters a step further, India has extended the […]
The Iranian Ambassador to Russia, Kazem Jalali, has said that during 2024, between 1.8 million and 2 million tonnes of cargo were transported along the eastern branch of the North-South international transport corridor, which leads to Iran through Kazakhstan and Turkmenistan. This is approximately three times more than in 2023. Two other branches of this […]
The Russian Foreign Minister, Sergey Lavrov, gave an extensive media interview and Q&A session on Tuesday (January 14), at which many questions were asked. The full transcript, including comments about the United States, Ukraine, sanctions and so on, can be read here. In this article, we highlight the comments he made pertinent to our specific […]
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