Prime Minister Narendra Modi and Russian President Vladimir Putin wrapped up the 23rd India-Russia annual summit Friday with a bold pledge to lift two-way trade to $100 billion by 2030, shrugging off Western pressure over Moscow’s war in Ukraine.
Key Outcomes from the Talks
- New long-term economic roadmap running until 2030
- Major push to diversify trade beyond oil and defence
- Continued emphasis on energy cooperation
Modi called the partnership “unbreakable,” comparing it to a “pole star” that has guided both nations through global crises.
Walking a Diplomatic Tightrope
The high-profile visit comes as Washington intensifies efforts to isolate Russia and broker an end to the Ukraine conflict. India’s refusal to distance itself from Moscow has raised eyebrows in Western capitals, where leaders worry the optics could complicate ongoing trade negotiations with the EU and US.
Why the Relationship Matters
Russia remains India’s largest arms supplier and a key source of discounted oil, while New Delhi offers Moscow a vital economic lifeline amid sanctions.
The summit signals both countries are doubling down on ties despite growing international friction.
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