India is likely to advance talks for the proposed Free Trade Agreement (FTA) with the Russia-led Eurasian Economic Union (EAEU) during Russian President Vladimir Putin's visit to New Delhi on December 4.

Government sources have indicated that India may explore a separate services pact with Russia as the EAEU bloc is a customs union, and trade deals exclude the mandate of services. India's goods exports to Russia in FY 25 were valued at $4.88 billion, while both sides aim for $100 billion bilateral trade by 2030.

Stating that India is not keen to include gold and precious metals in a proposed trade deal with the EAEU, government sources indicated that the initial talks would focus on sensitivities on both sides, frequency of discussions, as well as on products where trade is aimed to be

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