Russian President Vladimir Putin announced a positive shift in trade relations with India, stating that bilateral trade has increased in 2026. This marks a recovery from a slight decline observed in the previous year. The President made these remarks during a meeting at the Kremlin with Indian Foreign Minister Subrahmanyam Jaishankar on August 24, 2026.

Putin emphasized that the Indian minister’s visit underscores the robust and long-standing nature of Russia-India relations. He noted that cooperation spans virtually all sectors, involving governments, parliaments, and businesses. The meeting highlights the ongoing strategic partnership between the two nations, with trade and economic ties remaining a key focus of their bilateral agenda.