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Politics

India among Russia's top foreign trade partners: PM Mishustin

Published - January 21, 2026 02:16 am IST - Moscow Russian President Vladimir Putin, right, and Russian Prime Minister Mikhail Mishustin arrive to attend a cabinet meeting in Moscow. | Photo Credit: AP India was among Russia's top foreign trade partners as Moscow redirected its energy flows to friendly countries, Russian Prime Minister Mikhail Mishustin said on Tuesday (January 20, 2026). The share of friendly countries in Russia's trade turnover has reached a historic high of 86%, with particular growth in trade with China, Belarus, India, and Kazakhstan, Mr.

India among Russia's top foreign trade partners: PM Mishustin

Credit: Thehindu

Key Highlights

  • Mishustin said.
  • In the financial year 2024–25, total India-Russia trade reached an all-time high of about $68.7 billion, up sharply from roughly $13 billion in 2021, marking nearly a five - to six- fold increase over four years.
  • Both countries have set ambitious targets to lift bilateral trade toward $100 billion by 2030, reflecting deepening economic ties beyond energy, including sectors such as pharmaceuticals, defence, and technology.
  • “By 2025, the benchmark for deliveries to friendly countries has already been exceeded — a new historical record of 86 per cent can be reached.
  • China, Belarus, India and Kazakhstan demonstrated significant growth," Mr.
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Sources

  1. India among Russia's top foreign trade partners: PM Mishustin

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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