India and Russia Aim for $100 Billion Trade
India and Russia have set a target to increase bilateral trade to $100 billion by 2030, emphasizing economic collaboration in energy, trade, manufacturing, and fertilizers. Discussions included balancing trade, reducing non-tariff barriers, and exploring an India-Eurasian Economic Union Free Trade Area.
Prime Minister Narendra Modi raised concerns about civilian casualties in Ukraine and urged for peace efforts, underscoring that dialogue, not conflict, is essential for resolution. He also pressed for the swift discharge of Indian nationals serving in the Russian military.
Amid global scrutiny, Modi’s visit marked significant diplomatic gestures, including discussions on geopolitical stability and joint projects in digital economy, science, and research. The leaders reaffirmed their commitment to peaceful resolution of the Ukraine crisis amidst escalating tensions.
Modi engaged with the Indian diaspora in Russia and announced plans to open new Indian consulates, demonstrating India’s expanding diplomatic footprint. The visit also highlighted historical ties and future cooperation between the two nations.
Capital: Moscow
President: Vladimir Putin
Official Language: Russian
Currency: Russian Ruble (RUB)
Population: Approximately 145 million (2022 estimate)
Area: Largest country by land area, spanning 17.1 million square kilometers.
Government: Federal semi-presidential republic
Economy: Major industries include oil and gas, mining, aerospace, defense, and manufacturing.
International Relations: Member of the United Nations (UN), G20, and other international organizations.
Cultural Highlights: Rich cultural heritage in literature, music, ballet, and traditional arts.
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