MOSCOW – Russian President Vladimir Putin has assured India of uninterrupted supplies of crucial energy and fertilizer shipments, a commitment made during a meeting with India’s External Affairs Minister S. Jaishankar in Moscow. This assurance comes at a time when global supply chains are facing disruptions, particularly stemming from the West Asia crisis.
The discussions between Minister Jaishankar and President Putin also encompassed strategies to expand bilateral economic ties. While specific investment figures or new deal announcements were not detailed in the provided information, the meeting underscores the strategic importance of the Russia-India economic partnership.
Bilateral trade between the two nations has experienced significant growth, nearly quadrupling from approximately $13 billion in the fiscal year 2022 to nearly $60 billion in fiscal year 2026. However, this surge has been accompanied by a widening trade imbalance, which has sharply increased from $6.6 billion to over $50 billion, indicating a need for further strategic alignment to balance trade flows.
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