Published: June 5, 2026 • 6:40 AM IST · Updated: June 6, 2026 • 6:26 AM ISTBy TheBriefWire Editorial Team
Key points
India was among Russia's top foreign trade partners as Moscow redirected its energy flows to friendly countries, Russian Prime Minister Mikhail Mishustin said on Tuesday (January 20, 2026).
Putin calls India reliable partner, hits out at Western interference The share of friendly countries in Russia's trade turnover has reached a historic high of 86%, with particular growth in trade with China, Belarus, India, and Kazakhstan, Mr. Mishustin said.
In the financial year 2024–25, total India-Russia trade reached an all-time high of about $68.7 billion, up sharply from roughly $13 billion in 2021, marking nearly a five - to si fold increase over four years.
Both countries have set ambitious targets to lift bilateral trade toward $100 billion by 2030, reflecting deepening economic ties beyond energy, including sectors such as pharmaceuticals, defence, and technology.
“By 2025, the benchmark for deliveries to friendly countries has already been exceeded — a new historical...