Moscow wants to bring economic cooperation with both nations to a new level by focusing on technology, the president has said<\/p>\n
Moscow wants to further develop its economic ties with its key trade partners, China and India, President Vladimir Putin said at the Russia Calling! Investment Forum on Tuesday.
\nBeijing and New Delhi have refused to take part in the Western sanctions against Moscow over the Ukraine conflict, and have instead boosted trade with Russia. The Russian leader praised what he called their\u00a0\u201crational and pragmatic\u201d approach.
\nPutin also hailed the\u00a0\u201cmany years of friendship and strategic partnership\u201d with China and India, adding that trade with each has \u201csignificantly grown\u201d over the past three years.
\n\u201cWe are aiming at taking cooperation with the People\u2019s Republic of China and the Republic of India to a whole new level, including through enhancing its technological aspect.\u201d<\/p>\n
Read more<\/p>\n
Russia-China trade almost 100% outside Western currencies \u2013 finance minister<\/p>\n
Russia and China nearly doubled bilateral trade from 2020 to 2024, surpassing $240 billion last year. Last month, Russian Finance Minister Anton Siluanov said the two nations abandoned Western currencies in mutual settlements, with most payments now conducted in rubles and yuan.
\nLast month, Moscow and Beijing published a joint roadmap for developing bilateral ties. They vowed to provide mutual assistance on issues ranging from agriculture, trade, ecology, and investment in AI and space exploration.
\nIndia\u2019s exports to Russia are currently worth $5 billion; imports from Russia are $64 billion. The countries are aiming to increase bilateral trade to $100 billion by 2030. Russia is also expanding joint production with India in a number of military and civilian areas.
\nEarlier on Tuesday, Kremlin spokesman Dmitry Peskov said Moscow is ready to share its technological knowledge with New Delhi. \u201cWhatever can be shared with India, will be shared,\u201d he said.
\nPutin is expected to discuss the joint production of Russia\u2019s fifth generation Sukhoi Su-57 fighter jets with Indian Prime Minister Narendra Modi during a trip to India later this week.<\/p>\n","protected":false},"excerpt":{"rendered":"
Moscow wants to bring economic cooperation with both nations to a new level by focusing on technology, the president has said Moscow wants to further develop its economic ties with…<\/p>\n","protected":false},"author":1,"featured_media":23595,"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-23594","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