India, Russia target $100 billion trade by 2030, FTA with EAEU
Business Standard|July 10, 2024
India and Russia are looking to raise bilateral trade to $100 billion by 2030, balance the lopsided trade, eliminate non-tariff trade barriers, and explore the possibility of a Eurasian Economic Union (EAEU)-India Free Trade Area.
SUBHAYAN CHAKRABORTY & SHREYA NANDI
India, Russia target $100 billion trade by 2030, FTA with EAEU

A joint statement issued after multiple rounds of talks between Prime Minister Narendra Modi and Russian President Vladimir Putin on Tuesday also announced that both nations plan to establish a bilateral settlement system using national currencies and introduce digital financial instruments into mutual settlements. Modi was conferred the 'Order of St Andrew the Apostle', Russia's highest state decoration, by Putin for his contribution to fostering bilateral ties.

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