Back to today’s briefing

Story perspectives

Modi, Putin Launch $100 Billion Trade Initiative

12/5/2025

37 5

Summary

Story summary

At the 23rd India-Russia Annual Summit in New Delhi, Prime Minister Narendra Modi and President Vladimir Putin launched an Economic Cooperation Programme to boost trade through 2030.
Modi highlighted the partnership and announced energy, health, and maritime logistics agreements.
Both leaders aim to raise annual trade to $100 billion and pursue a Free Trade Agreement with the Eurasian Economic Union.

1 of 1

Story summary

At the 23rd India-Russia Annual Summit in New Delhi, Prime Minister Narendra Modi and President Vladimir Putin launched an Economic Cooperation Programme to boost trade through 2030.
Modi highlighted the partnership and announced energy, health, and maritime logistics agreements.
Both leaders aim to raise annual trade to $100 billion and pursue a Free Trade Agreement with the Eurasian Economic Union.