The volume of trade between Russia and India reached a record pace, approaching 44 billion dollars for the first time, according to data from the Ministry of Commerce and Industry of India and reported by RBC News.
In eight months, India bought Russian goods totaling 41.2 billion dollars, a rise from 24.1 billion in the same period last year, while imports from India to Russia stood at 2.6 billion dollars. This shift underscores a warming in bilateral commerce, with Indian imports from Russia contributing a substantial portion of the total.
Official figures indicate that overall trade turnover between the two nations climbed to 43.8 billion dollars for the year, marking an all-time high and signaling sustained momentum in commercial ties.
Nevertheless, India’s trade deficit with Russia widened dramatically, rising to 38.6 billion dollars in the eight-month window and increasing by about 2.5 times compared with the prior year. The shift highlights imbalances that accompany rapid growth in bilateral exchanges.
Meanwhile, RBC cited data from the Russian Federation’s Ministry of Economic Development, noting that trade volume between Russia and African nations grew by about 43.5 percent in the January–August period versus the same span last year, reaching roughly 15.5 billion dollars.
Egypt tops the list of African countries in terms of trade volume with Russia, reflecting strategic commercial linkages that span energy, commodities, and manufactured goods, and illustrating how regional partnerships influence broader trade patterns.
On the global stage, the US Treasury has extended sanctions-related measures affecting Russia, a development that continues to shape the strategic and economic environment in which these bilateral and multilateral relations unfold.