Modi and Putin Deepen India-Russia Partnership Ahead of BRICS Summit
Indian Prime Minister Narendra Modi and Russian President Vladimir Putin held talks in New Delhi and agreed to strengthen cooperation spanning energy, trade and defence. India and Russia are targeting bilateral trade of $100 billion by 2030, up from nearly $70 billion in 2024–25.
India remains a major buyer of Russian energy despite Western sanctions while simultaneously deepening relations with the U.S. and Europe. The meeting demonstrates New Delhi’s continuing effort to maintain strategic autonomy amid increasingly divided global alliances.
India and Russia will work toward their $100 billion bilateral trade target by 2030, with energy, defence, technology and industrial cooperation remaining central. Attention now shifts to the BRICS summit, where Modi and Putin will join other leaders amid disagreements over Iran and wider geopolitical conflicts.
2022: Western sanctions reshape Russia's global trade after its invasion of Ukraine
2022–25: India significantly increases purchases of Russian oil
2024–25: India-Russia trade approaches $70 billion
Jul 2026: Russia reaches a record 51% share of Indian crude imports
Sep 11: Modi and Putin meet in New Delhi
Sep 12–13: BRICS leaders gather in India
2030: India and Russia target $100 billion in bilateral trade.
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1. reuters.comView Original
