INDIA TO REACH 100 BILLION DOLLAR OF BILATERAL TRADE WITH RUSSIA BY 2030 : AMBASSADOR VINAY KUMAR

What happened: Ambassador Vinay Kumar said India and Russia aim to reach USD 100 billion in bilateral trade by 2030, a target set by their leaders in 2024, speaking at the India-Russia Business Forum in Kazan. Key numbers: Bilateral trade turnover was USD 38 billion in the first six months of this year. Why it matters: Kumar cited three focus areas: diversifying India's export basket, improving market access in Russia, and advancing FTA negotiations with the EAEU. He said India's energy imports are guided by energy security needs.

Ambassador Vinay Kumar said India and Russia aim to reach USD 100 billion in bilateral trade by 2030, a target set by their leaders in 2024, speaking at the India-Russia Business Forum in Kazan.

Kumar cited three focus areas: diversifying India's export basket, improving market access in Russia, and advancing FTA negotiations with the EAEU. He said India's energy imports are guided by energy security needs.