India and Russia have agreed to continue working towards enhancing the settlement of bilateral trade in the national currencies of the two countries, Prime Minister Narendra Modi and President Vladimir Putin said in a joint statement on Friday (December 5, 2025).

Mr. Putin is in India for a two-day visit to attend the 23rd India-Russia Annual Summit as well as to hold meetings with Mr. Modi. The two leaders also discussed how to remove the tariff and non-tariffs barriers so that the two countries can achieve their target of crossing bilateral trade worth $100 billion by 2030. Annual bilateral trade stood at $68.7 billion in 2024-25.

You May Also Like

Stonepeak, CPPIB to launch open offer for Castrol...

Canada Pension Plan Investment Board and US private equity firm Stonepeak will launch an open o...

Gold prices, silver futures extend record rally on...

Gold and silver prices dominated their record-breaking run on Tuesday (December 23, 2025) as in...

Inside Emirates’ $5-billion cabin makeover program...

What began as a modest effort to introduce premium economy seats on Emirates aircraft evolved i...