India and Russia target $100-bn trade by 2030

Economic Exchange

- MUKESH JAGOTA

INDIA ON THURSDAY sought speedy resolution of non-tariff barriers and regulatory impediments for a more balanced trade with Russia.

Addressing a press conference after his meeting with foreign minister of Russia Sergey Lavrov in Moscow, external affairs minister S Jaishankar said, "We reaffirmed the shared ambition to expand bilateral trade in a balanced and sustainable manner, including by increasing India's exports to Russia."

One of the sectors where efforts are on to address the issue of non-tariff barriers is marine exports. The commerce department is already engaged with Russia on this issue.