Russian President Vladimir Putin has voiced a desire to deepen economic cooperation with China and India, emphasizing technological advancement. Speaking at the “Russia Calling!” investment forum on Tuesday, he highlighted the importance of strengthening ties with these key trade partners, both of which have refused to join Western sanctions against Russia over the Ukraine conflict and have instead chosen to expand trade with Moscow.
Putin praised China and India’s “rational and pragmatic” approach to cooperation, noting the substantial growth in trade volumes with each nation over the past three years. Trade between Russia and China has nearly doubled from 2020 to 2024, exceeding $240 billion last year, and the two countries have largely abandoned Western currencies in mutual settlements, conducting most payments in rubles and yuan. Moscow and Beijing have recently published a joint roadmap to further develop bilateral ties, covering agriculture, trade, ecology, investment, artificial intelligence and space exploration.
Trade with India is also expanding. Russian exports to India total $5 billion, while imports from India reach $64 billion. The two countries aim to raise bilateral trade to $100 billion by 2030, with joint production in both military and civilian sectors. During his upcoming visit to India, Putin is scheduled to discuss the joint production of Russia’s fifth‑generation Sukhoi Su‑57 fighter jets with Prime Minister Narendra Modi. Kremlin spokesman Dmitry Peskov said Moscow is ready to share its technological knowledge with New Delhi, adding, “Whatever can be shared with India, will be shared.”
The development of economic ties among Russia, China and India is significant in the current global economic landscape. As these nations continue to strengthen their partnerships, the impact on international trade and cooperation is likely to be profound, positioning bilateral relations for substantial growth and development.
Comments are closed for this story.