New Delhi [India], December 4 (ANI): Russian Finance Minister Anton Siluanov expressed optimism that Russia and India can achieve a trade turnover of USD 100 billion by 2030, citing rapid growth in recent years and expanding cooperation across multiple sectors.
In an interview with Russian media outlet Izvestia, Siluanov highlighted the opening of VTB Bank’s new flagship office as a step toward strengthening the financial infrastructure needed to support rising trade volumes. “Today’s event, the opening of the VTB bank flagship office, is just one step towards achieving this goal. The more opportunities there are for settlements, the simpler trade and economic relations will be carried out,” he said.
Reflecting on past progress, Siluanov noted that trade figures have already surpassed expectations. “In 2018, Vladimir Vladimirovich [Putin] set the target at USD 30 billion, but our trade turnover is now 68 billion. This was achieved through enhanced cooperation on Indian equipment and machinery, trade and investment relations, increased travel between our countries, and growing ties between enterprises and industries. Military-technical cooperation and energy trade are also developing well,” he added.
Siluanov further emphasized Russia’s efforts to implement the President’s directive to boost imports from India. “Significant events like today’s are very important. The simpler the settlements, the greater the trade turnover, investments, and tourist exchanges between our countries,” he said.
The statement comes ahead of Russian President Vladimir Putin’s arrival in Delhi on Thursday for a two-day state visit, during which he will participate in the 23rd India-Russia Annual Summit. (ANI)
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