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Modi and Putin Seal 2030 Economic Roadmap, Expand Energy and Nuclear Cooperation

The visit emphasized balanced trade, reliable fuel flows, streamlined mobility, expanded civil‑nuclear work.

Overview

  • India and Russia finalized a Programme 2030 to diversify ties and lift bilateral trade toward about $100 billion by 2030, with a focus on correcting India’s deficit and easing non‑tariff barriers.
  • President Vladimir Putin pledged uninterrupted fuel supplies and highlighted progress at the Kudankulam nuclear plant, with cooperation extending to small modular reactors and wider civil‑nuclear applications.
  • Officials said 96% of commercial settlements now use national currencies, as both sides move to fortify payment channels under sanctions on Russian energy firms.
  • A raft of agreements covered mobility and migration frameworks, free 30‑day e‑tourist and group visas for Russians, shipping and port cooperation, fertilizers and a potential urea JV, customs data exchange, healthcare, academia, and media including an Indian edition of RT.
  • Defence ties featured prominently with talks on additional S‑400 systems and possible Su‑57 interest still developing, while work continued on an IndiaEAEU free‑trade framework and new transport corridors; Modi reiterated support for a negotiated Ukraine peace.