Indo-Russian Relations
Daily coverage of what makes ties between Delhi & Moscow ever-lasting — even in times of western sanctions.

Russian Deputy PM, Indian Finance Minister Discuss Credit Cooperation, Payment Infra

© Sputnik / Pavel Lisitsyn / Go to the mediabankMinister of Industry and Trade Denis Manturov
Minister of Industry and Trade Denis Manturov  - Sputnik India, 1920, 04.12.2025
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With India and Russia reiterating their commitment to achieve $100 billion trade target by 2030, the two countries are keen to expand their cooperation in several areas of finance.
Russian Deputy Prime Minister Denis Manturov and Indian Finance Minister Nirmala Sitharaman on Thursday held discussions on interbank & credit cooperation, and the expansion of payment and settlement infrastructure.
Currently, trade between India and Russia is conducted primarily in national currencies - the Rouble from the Russian side and INR from the Indian government and businesses.
Besides, the two sides engaged in negotiations on an intergovernmental agreement on the promotion and reciprocal protection of investments.
The meeting held in New Delhi ahead of President Vladimir Putin's visit to India was also attended by Governor of the Central Bank of Russia Elvira Nabiullina, Russian Finance Minister Anton Siluanov, and Minister of Economic Development Maxim Reshetnikov.
Manturov also called on India's National Security Advisor (NSA) Ajit Doval during his visit to Delhi.
India-Russia trade surpasses a record $70 Bln in 2024 - Sputnik India, 1920, 04.12.2025
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