Minister of Outside Affairs S. Jaishankar with the first representative of Russian PM Denise Manturov during a meeting in Moscow 20th August 2025. Photo: x/@drsjaishankar over PTI
Against the background of US President Donald Trump, the imposition of a sanctions on India, the Minister of the External Affairs S. Jaishankar on Wednesday (August 20, 2025) in Moscow raised the “tariff and non-tariff trade barriers” before Russia-India trade and called on “early” region. Mr. Jaishankar made notes during the 26th meeting of the Intergovernmental Commission in India-Rusko for Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC), where the Russian site was led by the first deputy chairman of Russia Denis Manturov.
The Jaishankar, who added his introductory notes, said: “The tariff and non-tariff trade barriers, removal of narrow logistics, supporting connectivity through the International Traffic Corridor of the North-South, North Sea Route and Chennai-Vladivostok corridor, are the main problems before Irigc-TEC.
He also stated that Wednesday’s meeting in Moscow also completed the conditions of reference to the free trade agreement in the India-Eurasian Economic Union, which is a leading petitioner for Russia because it focuses on removing obstacles to ground trade between Russia, China, India and Central Asian countries.
“… We are all aware that we are in the background of a difficult geopolitical situation. Our leaders remain closely and regularly engaged,” said Mr. Jaishankar indirectly referring to business anxiety in India-USA.
He also raised the issue of business imbalances in the Indian Russian trade, which has expanded over the past few years when Indian trade with Russia increased from $ 13 billion in 2021 to $ 68 billion in the years 2024-255.
Indian Russian trade increased sharply after Russia was hit by Western sanctions after the crisis in Ukraine. Most of this trade is in the hydrocarbon that Russia supplies to India. As a result, the former business imbalance of $ 6.6 billion has risen to $ 58.9 billion. “So we have to deal with urgently,” Mr. Jaishankar said in his notes.
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Published – August 20, 2025 22:48
