Moscow is looking to address the growing trade imbalance with New Delhi, the Russian president has said<\/p>\n
Russian President Vladimir Putin said on Thursday he is looking forward to his trip to India in early December.
\nAddressing foreign policy experts at a plenary session of the Valdai Discussion Club in Sochi, Putin added that Russia would like to correct the growing trade imbalance with India.
\n\u201cI also am looking forward to my trip in early December and I highly await my meeting with my dear friend, with our trustworthy partner, with Prime Minister Narendra Modi,\u201d he said.
\nAnswering a question from foreign policy expert B.K. Sharma, Putin stated that he has instructed his government to come up with strategies to address the trade imbalance with India, which is largely driven by New Delhi\u2019s substantial imports of Russian oil.\u00a0<\/p>\n
\u26a1\ufe0fPutin: ‘Looking Forward To My \ud83c\uddee\ud83c\uddf3 Trip. I Highly Await Meeting My Dear Friend & Our Trustworthy Partner PM Modi’ pic.twitter.com\/LoTXmpCJ47\u2014 RT_India (@RT_India_news) October 2, 2025 <\/p>\n
Currently, India\u2019s exports to Russia stand at around $5 billion, while imports from Russia amount to $64 billion.
\n\u201dWe have a trade imbalance with India. We are aware of it. We recognize it and together with our Indian friends and partners, we are thinking of ways to perfect this trade turnover,\u201d he said.\u00a0
\nThe Russian president added that trade ties are not meeting their full potential and that the countries need to address key issues such as logistics and cross-border payments.
\n\u201cWe could acquire more agricultural products, medical products, and more could be done on our side,\u201d he said on potential ways to reduce the imbalance.\u00a0<\/p>\n
\u2757\ufe0fAgriculture, Pharma, & AI: Putin Highlights Key Areas For \ud83c\uddf7\ud83c\uddfa To Address Trade Imbalance With \ud83c\uddee\ud83c\uddf3 pic.twitter.com\/WzwbJ1Dfc5\u2014 RT_India (@RT_India_news) October 2, 2025 <\/p>\n
Putin added that the governments should try to develop the conditions to facilitate cooperation between private companies. \u201cAs for cooperation with our Indian friends, there are specifications which stem from the fact that the Indian economy is a private economy and is developing on the basis of private initiatives, and more often, you have to deal not directly with the state but with the companies, and the state, just like over here, simply regulates these relations.\u201d\u00a0<\/p>\n
READ MORE: Indians will never tolerate humiliation \u2013 Putin<\/p>\n
Putin also praised the Indian prime minister. \u201cModi is very oriented in the interests of his nation,\u201d he said. \u201cAnd everyone in India knows that.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Moscow is looking to address the growing trade imbalance with New Delhi, the Russian president has said Russian President Vladimir Putin said on Thursday he is looking forward to his…<\/p>\n","protected":false},"author":1,"featured_media":19525,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[4,6,3],"tags":[],"class_list":["post-19524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-environment","category-politics"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t