1 week ago
Putin and Jaishankar Advance India-Russia Economic Cooperation
Russian President Vladimir Putin met Indian Foreign Minister S. Jaishankar in Moscow.
They talked about making cooperation between Russia and India stronger.
Their topics included trade, energy, fertilisers, nuclear energy and high technology.
Putin said Russia was sending more fertilisers to help Indian farmers.
He said Russia was ready to send even more.
Jaishankar brought greetings and a personal message from Prime Minister Narendra Modi.
Modi is expected to meet Putin at the SCO Summit and welcome him to India for the BRICS Summit.
India wants trade to grow but also wants to reduce the large gap between what the two countries buy and sell.
Vladimir Putin met External Affairs Minister S. Jaishankar at the Kremlin in Moscow on Monday during Jaishankar’s two-day Russia visit.
The discussions covered trade, energy, fertilisers, nuclear cooperation, high technology and broader economic ties.
Putin said Russia was increasing fertiliser supplies to meet the needs of Indian farmers and was ready to provide more.
Jaishankar delivered Prime Minister Narendra Modi’s greetings and a personal communication to Putin.
India said goods trade rose from about USD 13 billion in 2021–22 to nearly USD 60 billion in 2025–26, while the trade imbalance exceeded USD 50 billion.
- Who
- Russian President Vladimir Putin and External Affairs Minister S. Jaishankar; Prime Minister Narendra Modi was involved through a message and planned meetings.
- What
- They discussed expanding India-Russia cooperation in trade, energy, fertilisers, nuclear energy, high technology and other economic areas.
- Where
- The meeting was held at the Kremlin in Moscow.
- When
- The meeting took place on Monday, August 24, during Jaishankar’s two-day Russia visit; the articles identify the year as 2026.
- Why
- The talks aimed to deepen bilateral economic cooperation, increase fertiliser supplies and address concerns about the trade imbalance.
Expanding Partnership
Addressing Economic Imbalance
Bilateral relationship
Expanding Partnership
Putin and Jaishankar described cooperation as growing across government, parliamentary, economic, energy, fertiliser, nuclear and high-technology sectors.
Addressing Economic Imbalance
Jaishankar said the rapid growth in trade had also produced a significantly wider imbalance, making correction a foremost priority for India.
Future trade
Expanding Partnership
Both countries are pursuing stronger cooperation and a shared goal of USD 100 billion in bilateral trade by 2030.
Addressing Economic Imbalance
India said market access, tariff and non-tariff barriers, payment mechanisms and stronger business engagement must be improved to achieve more balanced growth.
Key facts
- Meeting
- Putin met Jaishankar at the Kremlin in Moscow on Monday.
- Jaishankar’s visit
- Jaishankar was in Russia for a two-day visit beginning August 23.
- Priority sectors
- The discussions focused on trade, energy, fertilisers, nuclear energy and high technology.
- Fertiliser supplies
- Putin said Russia was increasing fertiliser supplies to India and was ready to continue doing so.
- Trade growth
- Jaishankar said goods trade rose from around USD 13 billion in 2021–22 to nearly USD 60 billion in 2025–26.
- Trade imbalance
- Jaishankar said the imbalance grew from USD 6.6 billion to more than USD 50 billion.
- Trade target
- India and Russia aim to reach USD 100 billion in bilateral trade by 2030.
- Upcoming meetings
- Modi and Putin are expected to meet at the SCO Summit from August 31 to September 1 and at the BRICS Summit in New Delhi on September 12–13.
Quotes
Vladimir Putin
President of Russia
“We are doing everything to address this issue for Indian farmers, for agriculture; we are increasing these supplies and are ready to do so further. And all other issues related to nuclear energy, cooperation in high-tech sectors, and other areas – they are all on the agenda, and progress is being made quite steadily.”
indianexpress.com
firstpost.com
thestatesman.com
“Your visit today underscores the level of relations that has long been established between Russia and India, over decades. We continue to work together in virtually all areas. This includes governmental ties, inter-parliamentary ties, and economic cooperation.”
indianexpress.com
Sources
EAM Jaishankar meets Russian President Vladimir Putin, focus on trade, energy, fertilisers, high-tech
"Handed Over Personal Message From PM Modi": S Jaishankar Meets Putin In Moscow
Jaishankar meets Putin in Moscow; discusses trade, energy, fertiliser supplies
Putin meets Jaishankar at Kremlin, discusses expanding India-Russia ties
Putin meets Jaishankar, promises to increase fertilizer supplies to India
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