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23rd India-Russia Annual Summit 2025

Story By - NextGen Gpost 2025-12-08 23rdAnnualSummit, ForeignPolicy 79

Russian President Vladimir Putin landed in New Delhi on Thursday, 04 December 2025, evening, near the Palam Air Force Station (Palam Airport) for his first visit to the country since the start of the Ukraine war nearly 4 years ago. PM Narendra Modi received Putin at the airport himself, a departure from usual protocol that marked apparent warmth and trust between them. Russia’s Defence Minister, Andrei Belousov, also travelled with Putin.

What Happened During the Visit?

Official welcome at Rashtrapati Bhavan.
Visit to Rajghat to honour Mahatma Gandhi.
23rd summit meeting with PM Modi.
Business interaction with Indian industry leaders.
Dinner hosted by President Droupadi Murmu.
Modi gifted Putin a Russian-language Bhagavad Gita.
Putin used Modi’s political slogan “Sabka Saath, Sabka Vikas” in his speech.
Departure from Delhi after a short 30-hour visit.

PM Modi & Putin Discussion At The Summit

Both sides discussed:

Defence cooperation: Russia would like India to think of purchasing additional systems such as the S-400 and Su-57 fighters. They were discussing Russian missile systems, air defence systems and fighter jets.
Rising oil trade: India has received substantial Russian crude at discounted prices. India and Russia announce a new target of $100 billion in trade by 2030. Talks also started about the Free Trade Agreement with the Eurasian Economic Union.

Is the $100 Billion Trade Target Possible?

Factors supporting the goal:

Increasing oil trade.
Rupee–rouble payment options.
New joint ventures.
Russian demand for Indian goods.
India’s search for new markets.
Political will on both sides is strong.

Challenges:

Large trade imbalance.
US sanctions pressure.
Shipping and logistics issues.
Few Indian shipments to Russia now.

Impact on India’s Defence Industry & Stock Market

Putin’s visit has a number of market implications:

New deals in defence manufacturing.

Co-development on missiles and fighter jets.

Make in India through local manufacturing.

More stable supply chains.

Indian companies that may benefit:

HAL (Hindustan Aeronautics Limited)
BEL (Bharat Electronics Limited)
BDL (Bharat Dynamics Limited)
Cochin Shipyard
Solar Industries

India–Russia Trade: Current Status (2024-2025)

India-Russia Trade (2024-2025)
India’s imports from Russia	$64.23 billion
India’s exports to Russia	$4.91 billion
Overall trade	$69.14 billion (2024)
First half	$33.12 billion (2025)

But the trade gap is massive, driven largely by oil.

Top Goods India Imports From Russia

Below is the list of some top goods that India imports from Russia in a varied range.

Top Goods India Imports From Russia
Itemes	Total Value
Stones & Metals	$665.04 million
Mineral Fuels & Oils	$57.17 billion
Fertilizers	$1.67 billion
Animal & Vegetable Fats & Oils	$2.16 billion
Paper & Paperboard	$150.59 million
Nuclear Reactors & Machinery	$93.14 million
Inorganic Chemicals	$85.60 million
Cement, lime, & Salt	$108.98 million
Adible Vegetables	$460.86 million

Top Products India Exports To Russia

Below is the list of some top products that India exports to Russia in a varied range.

Top Products India Exports To Russia
Items	Total Value
Nuclear reactors & machinery	$1.13 billion
Electrical machinery & equipment	$431.62 million
Pharmaceutical products	$419.85 million
Organic chemicals	$367.06 million
Inorganic chemicals	$222.35 million
Miscellaneous chemical products	$166.82 million
Ceramic products	$146.44 million
Optical, medical, and surgical instruments	$131.77 million
Fish & seafood	$125.67 million

Why India & Russia Want to Diversify?

India wants to export:

Rice, seafood, and fruits
Pharmaceuticals
Machinery
Engineering goods

Russia wants:

Stable food imports.
New suppliers after Western sanctions.
Indian manufacturing support.

The visit of Putin provided an opportunity for India to demonstrate how it intends to navigate its relationships without making one side lose out.

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