Putin targets USD 100 billion trade, assures uninterrupted fuel supply to India

New Delhi: Prime Minister Narendra Modi and Russian President Vladimir Putin reiterated their united stand against terrorism during bilateral talks in New Delhi on Friday. Addressing a joint statement, PM Modi said India and Russia “stand shoulder-to-shoulder” in fighting global terrorism, citing both the Pahalgam attack and Moscow’s Crocus City Hall assault. He stressed that terrorism is a direct attack on humanity and called for global unity to eliminate the threat.

Highlighting the resilience of India–Russia ties, PM Modi underlined that the friendship between the two nations has remained steady despite global challenges over the past eight decades. He noted that the relationship is rooted in mutual respect and trust, and has successfully withstood geopolitical shifts. The ongoing Ukraine conflict was also discussed, with President Putin thanking PM Modi for India’s continued efforts to promote peace.

Trade and economic cooperation formed a major part of the discussions, with both sides announcing several agreements spanning shipping, chemicals, health, and employment sectors. President Putin reiterated Russia’s ambition to raise bilateral trade to USD 100 billion and assured “uninterrupted shipments” of fuel to India. He also highlighted the increasing use of national currencies for bilateral payments, a move expected to draw global attention.

PM Modi emphasised that energy security remains a vital pillar of the India–Russia partnership but avoided direct reference to Russian oil amid external pressure. Instead, he focused on expanding collaboration in civil nuclear energy, clean energy, and critical minerals. Both leaders expressed confidence that the strengthened strategic partnership will continue to advance shared priorities and contribute to global stability.