Russian Deputy Prime Minister Dmitry Patrushev met with Indian Prime Minister Narendra Modi in Delhi. Patrushev emphasized the special and strong relationship between Russia and India, calling India a close and trustworthy friend. He stated that trade between the two countries reached an all-time high in 2024.
During the meeting, discussions revolved around a Free Trade Agreement (FTA) between India and the Eurasian Economic Union (EAEU). The agreement, if realized, would facilitate easier trade. Furthermore, the establishment of a new grain exchange for BRICS nations was also discussed, aiming to boost agricultural trade.
The meeting between Patrushev and PM Modi took place during ‘World Food India 2025’. Patrushev affirmed that Russia would continue to collaborate with India in every sector and would strive to strengthen the relationship between the two countries. Prime Minister Modi expressed his pleasure at meeting Russian Deputy PM Dmitry Patrushev, stating that they discussed ways to enhance collaboration in agriculture, fertilizers, and food processing.
The meeting occurred at a time when Western countries have imposed several sanctions on Russia due to the Russia-Ukraine war. The United States has also imposed an additional 25% tariff on India regarding the purchase of Russian oil. However, India has continued to advance its historical and strategic relations with Russia with a balanced approach.
Trade between Russia and India reached $70.6 billion in 2024, a 9.2% increase compared to 2023. India’s imports from Russia accounted for $67.15 billion. Before the COVID-19 pandemic, this trade was only $10 billion, marking it as the highest trade level ever between the two countries.
