Context: India and Russia have committed to increasing bilateral trade to surpass $100 billion by 2030, focusing on bolstering investments, using national currencies for trade, and expanding cooperation across energy, agriculture, and infrastructure sectors.
India - Russia Relations
oSupport for UNSC seat to India: Russia has also supported India’s claim for a permanent seat in UNSC and stood by India on the J & K issue thereby blocking Pakistan’s attempt to internationalize the issue.
oMutual goals by 2025: Both countries aim to increase bilateral investment to US$50 billion and bilateral trade to US$30 billion by 2025.
oRussia has constructed two nuclear power plants at Kudankulam, and agreements have been signed for the construction of additional units.