US EditionJaishankar Urges Russian Companies to Engage ‘More Intensively' with India Despite Trump Tariff Threat
India seeks to diversify and balance trade with Russia, urging increased investment and joint ventures amid a $68 billion trade volume and a widening deficit, officials said.
- External Affairs Minister S Jaishankar urged Russian companies on August 20, 2025, in Moscow to engage more intensively with Indian counterparts during the India-Russia Business Forum.
- The call took place amidst a rapid increase in bilateral trade between India and Russia, which escalated from 13 billion dollars in 2021 to an estimated 68 billion dollars by 2024-25, despite the United States imposing 50% tariffs on Indian goods, including additional penalties related to India's purchase of Russian oil.
- Jaishankar highlighted the importance of diversifying and balancing trade through enhanced joint ventures and stronger economic partnerships, pointing to India's rapidly expanding economy valued at over $4 trillion and initiatives such as 'Make in India' that have created fresh opportunities for business growth.
- He highlighted several factors that create opportunities for Russian businesses to increase collaboration with Indian firms and announced that the Terms of Reference have been finalized for a Free Trade Agreement between India and the Eurasian Economic Union.
- Jaishankar indicated that deeper economic cooperation would strengthen the time-tested partnership and help overcome trade imbalances despite geopolitical challenges, calling on businesses to step forward confidently.
15 Articles
15 Articles
Amid Trump's tariffs, Jaishankar encourages Russian companies to engage "more intensively" with India - The Statesman
Amid the US imposing a 50% tariff on India, External Affairs Minister S Jaishankar has pushed to increase trade with Russia, encouraging Russian companies to engage "more intensively" with their Indian counterparts.
Amid Trump's tariffs, Jaishankar encourages Russian companies to engage 'more intensively' with India
Noting India's rapidly growing economy and initiatives like 'Make in India' that have opened up new windows for foreign businesses, Jaishankar said that these dimensions represent an invitation for Russian companies to engage more
Amid Trump Tariffs, S Jaishankar's Push For Russian Companies To Engage "Intensively" With India
External Affairs Minister S Jaishankar has pushed to increase trade with Russia, encouraging Russian companies to engage "more intensively" with their Indian counterparts.
Amid Trump tariffs, Jaishankar urges Russian firms to engage 'more intensively' with India
Amid the United States (US) imposing 50 per cent tariffs on India, External Affairs Minister Dr S Jaishankar has invited Russian companies to engage 'more intensively' with their Indian counterparts, as he noted that India is rapidly growing and initiatives like 'Make in India' have opened up new opportunities. He made the remarks while addressing the India-Russia Business Forum in Moscow, Russia. "The 'Make in India' and other such initiatives…
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