Business EconomyPosted at: Dec 4 2025 11:29PM


India and Russia share historical and time-tested relationship: PHDCCI

New Delhi, Dec 4 (UNI) India's long-standing partnership in energy and defence with Russia, and its vibrant cultural ties continue to open new doors for innovation and industry, with both sides eyeing a USD100 billion bilateral trade target by 2030. This partnership is evolving with confidence and purpose, said Rajeev Juneja, President, PHDCCI, on Thursday here.
India and Russia still continue to share a historical and time-tested relationship with growing economic ties through strong energy cooperation, and efforts to increase bilateral trade in local currencies.
Defence remains a major strength of the partnership, with joint manufacturing and advanced technology cooperation.
Cultural connections run deep, which will augur well for tourism as we share a warm people-to-people bond. Even as the global landscape shifts, both nations are focused on strengthening this partnership and exploring fresh opportunities together.
Moreover, Dr Ranjeet Mehta, CEO and secretary general PHDCCI, said, "India and Russia share a relationship built not only on stability but on deep historical shared interests. Stronger trade links and deeper energy cooperation will help both economies grow in an uncertain and fast-changing geopolitical environment."
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