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India and Russia Sign Protocol to Boost Trade to $100 Billion by 2030.

International | Dated: 04 Dec 2025

India and Russia signed a protocol to expand bilateral trade to $100 billion by 2030 during the 26th Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC) meeting in New Delhi. The meeting was co-chaired by External Affairs Minister S. Jaishankar and Russian Deputy PM Denis Manturov.

🎯 Key Highlights:

  • Both nations agreed to eliminate non-tariff barriers and expedite negotiations for the India-Eurasian Economic Union (EAEU) Free Trade Agreement.
  • The discussions prioritized the operationalization of the Chennai-Vladivostok Eastern Maritime Corridor to reduce logistics time.
  • Key sectors identified for cooperation include nuclear energy, fertilizers, and coking coal.

💡 Other Important Facts:

  • Target: $100 Billion Trade by 2030.
  • Meeting: 26th IRIGC-TEC.
  • Key Project: Chennai-Vladivostok Corridor.

📚 Test Your Knowledge:

What is the new bilateral trade target set by India and Russia to be achieved by 2030?

Correct Answer: $100 Billion

🚀 Quick Recap:

About Russia

  • Capital – Moscow
  • Currency – Ruble