Putin Tells Jaishankar He Plans to Meet Modi at SCO Summit — SkimNews
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- Vladimir Putin told EAM Jaishankar at the Kremlin that he plans to meet PM Modi at the upcoming SCO summit in Bishkek, Kyrgyzstan, adding that 'it looks like our schedules may also allow us to meet again this year.'
- S. Jaishankar briefed Putin that Modi looks forward to meeting him at the SCO summit, welcoming Putin to India for the BRICS Summit, and then holding the annual bilateral summit, and handed over a personal message from Modi to Putin.
- Jaishankar co-chaired the 27th India-Russia Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation with First Deputy Prime Minister Denis Manturov, with discussions covering trade, investments, energy, fertilisers, nuclear, connectivity, technology, space and mobility.
- India-Russia bilateral trade carries a stated target of reaching US $100 billion by 2030, though Jaishankar explicitly cautioned against the 'growing imbalance' in trade between the two countries.
- Jaishankar identified market access, removal of tariff and non-tariff barriers, stronger payment mechanisms and business-to-business engagement as the critical levers to close the trade gap and hit the 2030 target.
- Jaishankar cast the 'complicated international scenario' as a window for new opportunities and 'de-risking' in India-Russia economic cooperation.
Why it matters: The diplomatic choreography around the SCO and BRICS summits signals sustained India-Russia coordination, but Jaishankar's flagging of a 'growing imbalance' in bilateral trade — against a stated US $100 billion-by-2030 target — reveals the economic side of the partnership still needs structural fixes in market access and payment mechanisms, not just diplomatic handshakes.
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