India-Russia 2030 Economic Cooperation Programme Adopted
Why in the news
India and Russia adopted a 2030 Economic Cooperation Programme in December 2025, setting a roadmap for deeper trade and investment ties.
Key facts
- Programme name: 2030 Economic Cooperation Programme.
- Bilateral trade was roughly USD 64 billion in the previous year.
- Priority sectors: energy (oil, gas, coal), shipbuilding, fertilisers, civil nuclear energy and critical minerals.
- Connectivity: International North-South Transport Corridor, Northern Sea Route and the Chennai-Vladivostok maritime link.
- Two new Indian consulates will open in Russia.
- Settlement in national currencies and work towards an India-Eurasian Economic Union trade pact were also discussed.
| Item | Detail |
|---|---|
| Trade (previous year) | About USD 64 billion |
| Corridors | INSTC, Northern Sea Route, Chennai-Vladivostok |
| New missions | Two Indian consulates in Russia |
About the corridors
The International North-South Transport Corridor links India with Russia through Iran and Central Asia. The Northern Sea Route runs along Russia’s Arctic coast, while the Chennai-Vladivostok route is a direct maritime link across the Indo-Pacific.
Exam angle
- Remember the USD 64 billion trade figure and the three corridors.
- Bilateral programmes and roadmaps are common in international relations questions.
- Settlement in national currencies links to de-dollarisation debates.