India-Russia Trade Surpasses USD 50 Bn: Jaishankar Highlights Progress, Key Sector Cooperation | India News

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India-Russia Trade Surpasses USD 50 Bn: Jaishankar Highlights Progress, Key Sector Cooperation | India News


New Delhi: During a gathering with President Vladimir Putin, External Affairs Minister S Jaishankar highlighted the substantial development in bilateral commerce between India and Russia, exceeding USD 50 billion. Jaishankar underscored the potential for continued progress and pressured the significance of fostering a extra sustainable character within the commerce relationship.

“I would like to highlight the progress we have and trade, which is in excess of a turnover of USD 50 million, and we believe that this is something whose potential is now only beginning to be visible. It is important that we give it a more sustainable character, and we discussed how we should do that,” mentioned Jaishankar.

Covering pivotal areas of collaboration, the External Affairs Minister (EAM) delved into discussions on the nuclear sector, emphasizing the signing of significant agreements linked to the Kudankulam venture. He disclosed the completion of a major accord pertaining to nuclear gas provide, signaling progress in India-Russia cooperation inside the nuclear area.

“The second aspect pertains to the nuclear side and we signed agreements yesterday that would take the Kudakulam project forward. And also, we have finalised a very significant agreement on nuclear fuel supply,” he added.

During the assembly, Jaishankar conveyed Prime Minister Narendra Modi’s private greetings to President Putin. He talked about that PM Modi had despatched a letter expressing ideas on the state of cooperation and up to date progress.

“Please allow me to convey the personal greetings of Prime Minister Modi and he has also, through me, sent a letter to you, a letter expressing his thoughts about, the state of our cooperation and the progress that we have made in recent days. And I will have the honour to give you the letter,” mentioned Jaishankar.

“Certainly, he (PM Modi) looks forward to visiting Russia next year. And I’m sure that we will find a date that is mutually convenient from the political calendars of both countries,” the EAM mentioned, responding to President Putin’s invitation to PM Modi.

Jaishankar took the chance to replace President Putin on the progress made during the last two days, together with discussions with Deputy Prime Minister Denis (*50*) and Foreign Minister Sergey Lavrov.

“I would also, extensively, like to take the opportunity to share with you aspects of the progress that we have made and in the last 2 days, I had a chance to discuss it with Deputy Prime Minister Denis Manturov and today with Lavrov,” the EAM mentioned.

Following his assembly with the Russian President, Jaishankar took to his social media deal with on X and mentioned that he appreciated Putin’s steering on the additional developments of India-Russia ties.

“Honoured to call on President Vladimir Putin this evening. Conveyed the warm greetings of PM Narendra Modi and handed over a personal message. Apprised President Putin of my discussions with Ministers Manturov and Lavrov. Appreciated his guidance on the further developments of our ties,” the EAM posted on X.

The EAM is on a Russia go to from December 25 to 29 as part of the continued high-level exchanges between the 2 sides. 





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