Efforts to deepen economic integration include talks of an India-Eurasian Economic Union Free Trade Agreement and a target of $50 billion in mutual investments.

On Ukraine, he argued Kyiv must shoulder responsibility for stalled negotiations, dismissed EU mediation as unlikely to de-escalate the conflict, and questioned the mandate of Ukrainian President Zelenskiy.

He projected bilateral trade could reach around $100 billion in coming years, tied to India’s strong economic performance.

Putin praised the Russia-India strategic partnership, calling India a reliable partner and signaling confidence in deepening ties despite Western pressure.

Energy cooperation remains central, with ongoing work in nuclear power and hydrocarbons, citing the Kudankulam Nuclear Power Plant and expansion of hydrocarbon platforms.

Both countries aim to deepen economic integration and explore new trade mechanisms and connectivity projects amid energy security concerns from regional tensions and global disruptions.

In FY2024-25, India exported $4.9 billion to Russia and imported $63.8 billion, reflecting pharmaceuticals, chemicals, iron and steel, and marine products as key Indian exports.

The bilateral relationship spans defence, energy, trade, science and technology, and people-to-people exchanges, with a record bilateral trade of $68.7 billion in FY2024-25 driven by Russian crude oil, fertilizers, and other commodities.

The remarks were made during a June 4, 2026 interaction with heads of leading global news agencies in St. Petersburg, and covered by The Hindu.

Beyond energy, bilateral cooperation is expected to broaden into pharmaceuticals, infrastructure, manufacturing, technology, and defence.

Investments are highlighted as a major area of collaboration, with Russia noting large investment projects and plans for mutual investments.