Jaishankar Reveals $100 Billion India-Russia Trade Plan After Meeting Putin | Details

Livemint

Published24 Aug 2026, 10:25 PM IST

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At the 27th India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation, External Affairs Minister Dr S Jaishankar underlined the need for progress on market access, removal of tariff and non-tariff barriers, stronger payment mechanisms and deeper business-to-business engagement. He said these steps are critical to address the current trade imbalance and achieve the shared target of US$100 billion in bilateral trade by 2030. Jaishankar also referred to ongoing discussions on an India-Eurasian Economic Union Free Trade Agreement and highlighted wide-ranging cooperation in energy, nuclear, metallurgy, space, railways, fertilizers, skills mobility, connectivity and payment systems.