Overview
- Narendra Modi and Vladimir Putin announced a strategic economic program through 2030, targeting a rise in bilateral trade toward $100 billion and a broader mix of Indian exports into Russia.
- Putin said 96% of payments are now settled in local currencies, and both sides moved forward on creating a free‑trade area between India and the Eurasian Economic Union.
- Moscow pledged reliable energy supplies as India remains a major buyer of Russian crude, and the two leaders emphasized expanding cooperation in technology, space and pharmaceuticals.
- Defense talks focused on accelerating S‑400 deliveries, modernizing Su‑30MKI aircraft and deepening military‑technical ties, with Indian media reporting — not confirmed officially — possible Su‑57 co‑production.
- Parallel to the visit, Putin reiterated a hard line on the Donbas and Russian officials noted unresolved disagreements after talks with U.S. envoy Steve Witkoff, as Washington’s 50% tariffs on Indian goods remain in force.