New Delhi: India and Russia want to boost their trade and expand the variety of items in transactions, both said on Thursday as Russian President Vladimir Putin headed to New Delhi to start a two-day state visit.

India and Russia aim to raise two-way trade to $100 billion by 2030. Their commerce rose more than five-fold from about $13 billion in 2021 to near $69 billion in 2024–25, almost entirely driven by Indian energy imports.

India seeks new markets after Trump tariffs

Bilateral trade eased to $28.25 billion in April–August 2025, reflecting a decline in crude oil imports following punitive tariffs on Indian goods and sanctions imposed by US President Donald Trump’s administration.

At the same time, India is looking for new destinations to increase exports of its goods hit by a pun

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