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

India’s Silver Exports to Russia Reach Nine-Year High in 2025

© Sputnik / Pavel Lisitcin / Go to the mediabankA worker holds a gold bar and a silver bar produced during the opening of a new bank bar manufacturing line at a plant in Yekaterinburg.
A worker holds a gold bar and a silver bar produced during the opening of a new bank bar manufacturing line at a plant in Yekaterinburg. - Sputnik India, 1920, 03.03.2026
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India increased its silver exports to Russia in 2025 to the highest level since 2017, according to data from the Indian statistics agency.
Last year, Indian companies supplied silver worth $910,000 to the Russian market, up from $900,000 in 2024. While modest in volume, the figure marks a notable nine-year peak. Earlier data prior to 2017 has not been published.
Globally, India’s largest silver export destinations were the United Kingdom, which accounted for 74.3% of total exports, followed by the United States (10.2%) and Germany (2.3%). Russia received just over 1% of India’s silver exports.
This increase highlights the steady trade relationship between India and Russia, even as India continues to expand its silver exports to major global markets.
Steel bars  - Sputnik India, 1920, 28.02.2026
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