Hope to see PM Modi soon as we planned: Putin tells Jaishankar
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- Putin told Jaishankar in the Kremlin on Monday that he hopes to meet PM Modi at the SCO summit in Bishkek, Kyrgyzstan, adding that "it looks like our schedules may also allow us to meet again this year."
- Jaishankar briefed Putin on his Moscow meetings, handed over a personal message from Modi, and said Modi looks forward to welcoming Putin for the BRICS Summit in India and holding their annual bilateral summit "in due course."
- India and Russia set a bilateral trade target of US$100 billion by 2030, with Jaishankar cautioning against a "growing imbalance" in bilateral trade.
- The 27th India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation was co-chaired by Jaishankar and First Deputy PM Denis Manturov, covering energy, fertilisers, nuclear, connectivity, technology, space and mobility domains.
- Jaishankar called for removing tariff and non-tariff barriers and strengthening payment mechanisms to address the trade imbalance, framing the "complicated international scenario" as a window for "de-risking" and new opportunities.
Why it matters: Jaishankar's warning about a "growing imbalance" signals India sees itself losing ground in bilateral trade. His push for tariff removal and stronger payment mechanisms suggests Delhi wants the relationship rebalanced — with the SCO summit and India's BRICS hosting creating built-in deadlines to deliver.
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