Prime Minister Modi and Russian President Putin are scheduled to meet in New Delhi to bolster trade ties, focusing on improved payment systems and the removal of trade barriers. Russia aims to strengthen its economic partnership with India amidst global challenges.

A call between the leaders of Russia and India affirmed the countries’ close ties despite Washington’s demands for New Delhi to wean itself off Russian oil. Indian Prime Minister Narendra Modi on Monday thanked his “friend,

The Russian embassy in India criticised the US penalties on New Delhi over trade ties, saying crude oil trade between the two nations will remain unaffected and overall India–Russia trade is expected to grow 10% annually.