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looking beyond borders

foreign policy and global economy

India, Russia Decide To Expand Bilateral Trade To $30 bln By 2025; To Step Up Industrial Cooperation

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India and Russia have decided to step up industrial cooperation and create new technological and investment partnership, especially in advanced high-tech areas, with an aim to increase bilateral trade to $30 billion by 2025. According to a joint statement issued by the Russian government after 20th India–Russia Annual Summit, Prime Minister Narendra Modi and President Vladimir Putin also agreed that the work on promoting mutual settlements of payments in national currencies will be continued.

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