US Vice President JD Vance has asserted that Europe must take the "lion's share of the burden" in ensuring Ukraine's security amid the ongoing conflict with Russia, emphasising that the primary responsibility lies with European nations due to their geographic proximity and direct security
Amid the US imposing a 50% tariff on India, External Affairs Minister S Jaishankar has pushed to increase trade with Russia, encouraging Russian companies to engage "more intensively" with their Indian counterparts.
In his remarks at the India-Russia Business Forum in Moscow, EAM Jaishankar highlighted several key lessons, including the need to address concerns over dependence on a limited number of markets, reliance on narrow connectivity, and the costs of insufficient research into new opportunitie
Former US Ambassador to the United Nations Nikki Haley, in an opinion piece on Newsweek, emphasised the need to treat India as "prized free and democratic partner" to counter China said that "scuttling 25 years of momentum" with New Delhi would be a "strategic disaster."
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."
"I am sure that in the West and above all in the United States they understand perfectly well that seriously discussing security issues without the Russian Federation is a utopia; it's a road to nowhere," Lavrov added.
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.
The ToR was signed by Additional Secretary, Department of Commerce, Government of India, Ajay Bhadoo, and Deputy Director, Trade Policy Department, Eurasian Economic Commission (EEC), Mikhail Cherekaev, the commerce ministry said in the statement.