**EDS: THIRD PARTY IMAGE** In this image posted on Dec. 4, 2025, Prime Minister Narendra Modi and Russian President Vladimir Putin travel in a car to 7, Lok Kalyan Marg, upon latter's arrival in New Delhi. (@narendramodi/X via PTI Photo)(PTI12_04_2025_000510B)
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CNBC TV1805-12-2025, 16:42

Russia pledges uninterrupted fuel, $100B trade with India; new routes, pharma plant.

  • Russia pledges uninterrupted fuel supply to India and aims for $100 billion trade by 2030.
  • Leaders adopted a 2030 Economic Programme to boost trade, including a potential FTA and opportunities for Indian professionals in Russia.
  • Both nations will enhance connectivity through INSTC, Northern Sea Route, and Chennai-Vladivostok Corridor.
  • Cooperation extends to securing critical mineral supply chains and an Indian pharma factory in Russia.
  • Stronger India-Russia ties may affect India's trade negotiations with the US, particularly regarding tariffs on Russian oil.

Why It Matters: Stronger India-Russia economic ties affect energy security, trade, and US relations.

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