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

World
C
CNBC TV18•05-12-2025, 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.
✦
More like this
Loading more articles...





