India and Russia are targeting $30 billion of annual trade by 2025, India's...
VLADIVOSTOK - India and Russia are targeting $30 billion of annual trade by 2025, India’s foreign secretary said on Wednesday as a string of energy deals deepened economic ties between the nations.
Seeking to boost bilateral trade from its current $11 billion, the two countries announced deals in sectors including energy, defense and shipping after a meeting between Russian President Vladimir Putin and Indian Prime Minister Narendra Modi at an economic forum in Vladivostok. “We have had a major breakthrough in the energy sector. This is a sector where we are looking to diversify our sources of supplies and we are increasingly finding it attractive to buy oil and gas from the Russian federation,” India’s foreign secretary, Vijay Gokhale, told a news conference.
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