India and Russia have crossed the bilateral trade target of 30 billion dollars before the target year of 2025. These new volumes have created a trade imbalance.
Russian Deputy Prime Minister Denis Manturov, who is also the Trade Minister said that they are discussing a free trade agreement, FTA, with India. Mr Manturov said that India and Russia pay special attention to the issues of mutual access of production to the markets in the two countries. He said that Russia and Eurasian Economic Commission are looking forward to intensifying negotiations on a free trade agreement with India.