Modi and Putin Set a $100 Billion Bilateral Trade Target by 2030 at the BRICS Summit

13 September 2026National

Prime Minister Narendra Modi and Russian President Vladimir Putin met in New Delhi on 11 September 2026, ahead of the 18th BRICS Summit, and resolved to lift bilateral trade to $100 billion by 2030 from roughly $65 billion today. The leaders reviewed defence cooperation, while Modi raised the safety of Indian seafarers in the Black Sea and reiterated India's readiness to back any peace initiative on Ukraine. Putin invited Modi to the next annual India-Russia Summit, expected around year-end. The talks formed part of Modi's summit-week bilateral run that also took in Xi Jinping and Iran's Masoud Pezeshkian.

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The India-Russia Annual Summit mechanism began in 2000 with the Declaration on Strategic Partnership | Ties were upgraded to a 'Special and Privileged Strategic Partnership' in 2010 | Russia's capital is Moscow and its currency is the Rouble

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