December 5, 2025
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India-Russia trade to reach USD 100 billion ahead of 2030; talks on preferential trade agreement and sectoral cooperation.
India and Russia committed to accelerate achieving a USD 100 billion bilateral trade target, pursuing a Preferential Trade Agreement with the Eurasian Economic Union to reduce barriers and create predictable mechanisms for business. They identified sectoral cooperation in EV manufacturing, pharma, civil-nuclear openings, fertiliser, electronics, workforce development, and industrial collaboration including artificial intelligence. Russia emphasised resilient settlement, reliable payment and insurance mechanisms and the use of national currencies to ensure uninterrupted financial transactions.