Highlights from President Vladimir Putin’s Visit to India for the 23rd India–Russia Annual Summit
President Putin’s visit to India strengthened strategic confidence between the two nations, with both sides placing renewed emphasis on long-term economic partnership and future-ready collaboration reflecting strategic autonomy.
Key Highlights
Stronger Economic Vision
- Acceleration of the India–Russia 2030 Economic Roadmap
- Labour Mobility Agreement enabling skilled Indian professionals to work in Russia, addressing its projected 3M workforce gap
- MoU to establish a urea production plant in Russia, boosting India’s fertilizer security
- New agreements on maritime connectivity, ports, and customs to energize the Chennai–Vladivostok Corridor & INSTC
Dependable Defence Cooperation: A Pillar of Continuity
- With 60–70% of India’s defence inventory of Russian origin, both sides reaffirmed long-term reliability in spares, upgrades, and maintenance
- The RELOS logistics pact will boost operational cooperation, including access to Russian Arctic facilities
Trade, Energy & Technology Growth
- Shared ambition to reach $100B bilateral trade by 2030
- Progress on an FTA with the Eurasian Economic Union
- Discussions on RuPay–Mir linkages, BRICS payment systems, and de-dollarised settlements
- Russia reaffirmed uninterrupted energy supplies, alongside collaboration in civil nuclear and critical minerals
This summit reflects India’s confident pursuit of strategic autonomy—strengthening historic partnerships while unlocking new opportunities for economic, technological, and global cooperation.
