Brief by Shorts91 Newsdesk / 05:11pm on 12 Nov 2024,Tuesday International
External Affairs Minister S. Jaishankar expressed confidence that India will reach $100 billion in trade with Russia before the 2030 target. Speaking at the 25th India-Russia Intergovernmental Commission, he highlighted the "perceptible progress" made in tackling trade issues like payment and logistics, but acknowledged that further work is needed to balance trade. Russia’s First Deputy Prime Minister Denis Manturov confirmed trade growth of over 9% in early 2024, noting a five-fold rise in the past five years. Both nations aim to diversify trade, emphasizing an FTA with the Eurasian Economic Union.
