External Affairs Minister S Jaishankar on Wednesday focused on removing tariff and non-tariff trade barriers, improving logistics, and promoting connectivity through major corridors like the International North-South Transport Corridor and the Chennai-Vladivostok Corridor.
"India is now in the TOP 3 of Russian trading partners, says Russian Deputy PM Denis Manturov after meeting with India's top diplomat Subrahmanyam Jaishankar."
External Affairs Minister S Jaishankar has said that bilateral trade in goods between India and Russia has increased more than five-fold from USD 13 billion in 2021 to USD 68 billion in 2024-25, and the trade imbalance should be addressed urgently.
Evgeniy Griva, Russia's Deputy Trade Representative to India, said oil import prices could fluctuate by 5% amid tariffs. He added that trade between India and Russia is expected to grow around 10%, with Indian exports of machine tools, electronics, pharma, and chemicals increasing rapidly.
External Affairs Minister S. Jaishankar said he was pleased to meet Russian scholars and think tank representatives, where they discussed India-Russia relations, global geopolitics, and India's viewpoint.
The Charge d'Affaires at the Russian Embassy in Delhi, Roman Babushkin, on Wednesday, expressed optimism about the resumption of the India-Russia-China trilateral format, describing it as a vital step toward regional stability.
Evgeniy Griva, the Russian deputy trade representative said on Tuesday that that despite the pressure on Russia and its economy, there is an increase in cooperation especially in the financial sphere when it comes to the Rupee-Ruble payments between India and Russia and highlighted that d
Babushkin also hit out at Washington's tariff decision and pressure on New Delhi over Russian crude oil, saying the moves were "unjustified and unilateral."
Russian Charge d'Affaires Roman Babushkin on Wednesday sharply criticised the US' imposition of 'sanctions' on India, asserting that such actions reflect a lack of trust and disrespect for national sovereignty, while noting that if Washington considered New Delhi its friend, then it would
US White House Press Secretary Karoline Leavitt on Tuesday (local time) said that US President Donald Trump imposed tariffs on India to deter Russia from pursuing the Ukraine conflict. Trump has doubled India's tariff to 50 per cent by imposing an additional 25 per cent levy on the previo