Sanction Fears Stall Rupee-Rouble Trade; India Pushes FTA with Russia-led EAEU

• Rupee-Rouble trade is stalled as banks and companies fear US sanctions due to their exposure.
• India aims to reduce non-tariff barriers and its $60 billion trade deficit with Russia.
• India's team to visit Russia in February 2026 for the 2nd round of FTA talks with the EAEU.
• FTA discussions will cover gateway issues, defense exports, technology transfer, and labor mobility.
• Indian marine exports to Russia are increasing, with Russia relaxing import requirements.

Why It Matters: India seeks to overcome trade hurdles with Russia by pursuing an FTA with the EAEU amid sanction fears.