Overview
- New Delhi and Moscow signed 16 agreements across sectors and adopted a Programme to 2030 targeting $100 billion in bilateral trade.
- Putin pledged uninterrupted fuel supplies to India, while there were no new discounted oil deals and Indian imports of Russian crude have been trimmed under U.S. tariff pressure.
- A labour mobility pact opens pathways for Indian professionals to work in Russia, and India announced a 30‑day free tourist visa for Russian nationals.
- Both sides are working toward greater use of national currencies and interoperable payment and financial‑messaging systems, backed by RBI’s SRVA reinvestment route and Sberbank’s planned $100 million expansion in India’s markets.
- There were no major defence acquisitions, with emphasis on co‑production and spares and on logistics access under the recently ratified RELOS pact, while China publicly welcomed stronger India‑Russia‑China cooperation.