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India, Russia Set 2030 Trade Goal and Deepen Non‑Dollar Payments in Putin Visit

The trip highlighted India’s strategic autonomy, with Beijing publicly welcoming closer trilateral engagement.

Overview

  • New Delhi and Moscow outlined a Programme 2030 targeting roughly USD 100 billion in trade, with about 16 agreements spanning shipbuilding, civil nuclear, logistics, critical minerals, pharmaceuticals and labor mobility.
  • Both sides moved to expand settlements in national currencies and to link payment systems and financial messaging, with work cited on UPI–Mir interoperability and central bank digital currency platforms.
  • Putin assured uninterrupted fuel supplies to India, reinforcing energy security as Indian firms recalibrate purchases under U.S. tariff pressure.
  • No major new defense purchases were announced, but leaders emphasized joint manufacturing, spare‑parts production and technology transfer to sustain long‑standing military cooperation.
  • Talks advanced on an IndiaEAEU free trade agreement, a 30‑day free tourist visa for Russians was announced, and China publicly endorsed stronger China‑Russia‑India cooperation following the summit.