India's trade with Russia hits $66 bn in 2024, says envoy

A senior Russian diplomat on Wednesday said bilateral trade between the two countries reached a record $66 billion in 2024, marking a fivefold increase over the past five years, with a 9% rise in the first eight months of this year.

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The envoy said Russia and India are on track to achieve the ambitious $100 billion trade target by 2030, bolstered by expanding collaborations and diversified trade opportunities. "The recent dialogues between leaders of both countries on the possibilities of diversifying the trade basket and increasing the volume of investments in multiple sectors make the target of $100 billion by 2030 an achievable one," said Maxim V. Kozlov, Russian consul general in Kolkata, at an interactive