Russia-India Ties: $100 Billion Trade Target, Defence Co-Production & New Payment Systems | THF

Russia-India relations remain focused on expanding trade, defence cooperation and economic ties, with both countries targeting $100 billion in bilateral trade by 2030.Against the backdrop of Western sanctions and changing global trade dynamics, Moscow and New Delhi are working to strengthen alternative payment mechanisms and increase the use of national currencies in bilateral transactions. Recent discussions have also highlighted greater...