Prime Minister Narendra Modi and Russian President Vladimir Putin have agreed on a 2030 Economic Programme. During their bilateral talks, the two leaders focused on bilateral trade and investment.
Prime Minister Modi said that both the nations would witness growth in priority sectors with a roadmap that will deepen their long-term economic engagements.
PM @narendramodi and President Vladimir Putin held extensive talks at Hyderabad House today during the 23rd India-Russia Annual Summit.
— Randhir Jaiswal (@MEAIndia) December 5, 2025
Both leaders discussed all aspects of 🇮🇳-🇷🇺 relations which are deep-rooted and multifaceted. They reaffirmed mutual commitment to further… pic.twitter.com/bbFHj0gOSN
PM Modi hopes positive outcome
PM Modi expressed optimism for the India-Russia Business forum is scheduled to take place later today . The forum aims to serve as a platform for further strengthening the business ties between the two countries.
“It will open new doors to export, co-production and co-innovation. Both sides are working towards the early conclusion of an FTA with the Eurasian Economic Union”.
‘President Putin has consistently nurtured the relationship’
“25 years ago, President Putin had laid the foundation of the India-Russia strategic partnership. 15 years ago, our relationship was lifted to special and priveleged strategic partnership. He has consistently nurtured the relationship in the last 25 years,” PM Modi said.
PM Modi underlined India-Russia cooperation on energy and said that the two countries would continue this, while expanding to areas like critical minerals.
‘Energy security is an important pillar’
“Energy security has been a strong and important pillar of the India-Russia partnership. Our decades-old cooperation in the field of Civil Nuclear Energy has been crucial in giving meaning to our shared priorities for Clean Energy. We will continue this win-win cooperation. Our cooperation in Critical Minerals is crucial to ensuring secure and diversified supply chains across the entire world. This will provide solid support to our partnership in clean energy, high-tech manufacturing, and new age industries,” PM Modi said
“Now we will collaborate on training India’s seafarers in polar waters. This will not only strengthen our cooperation in the Arctic, but also create new employment opportunities for the youth of India,” the PM added.
