India- Russia : Strengthening a Trusted Partnership

Dec 04: India and Russia maintain a robust, historical bond reinforced by expanding economic collaboration, particularly in energy, with both nations prioritizing bilateral trade settlements in local currencies. Defense cooperation forms a cornerstone of the partnership, featuring joint manufacturing initiatives and advanced technological exchanges. Deep-rooted cultural affinities further enhance tourism prospects and people-to-people connections. Amid evolving global dynamics, the two countries remain committed to deepening ties and exploring emerging avenues for mutual growth.

“India’s enduring collaboration with Russia in energy and defense, coupled with dynamic cultural exchanges, are paving the way for innovation and industrial growth, targeting a US$100 billion bilateral trade milestone by 2030. This partnership advances with clarity and shared vision,” stated Mr. Rajeev Juneja, President, PHDCCI.

“The India-Russia relationship is built on stable foundations and deep-rooted shared historical interests. Enhanced trade integration and strategic energy alliances will catalyze economic resilience for both nations in a rapidly shifting geopolitical context,” emphasized Dr. Ranjeet Mehta, CEO & Secretary General, PHDCCI.