New Delhi, Nov. 26 -- India will launch formal negotiations for a Free Trade Agreement with the Russia-led Eurasian Economic Union starting today, Commerce and Industry Minister Piyush Goyal announced at a press conference in the capital on Tuesday.

The minister confirmed that the FTA discussions with the five-member Eurasian Economic Union (EAEU) bloc--comprising Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan--will begin in New Delhi following the signing of Terms of Reference on August 20, 2025.

"The FTA talks start from tomorrow here," Goyal stated on Tuesday.

The Terms of Reference lay out an 18-month roadmap focused on opening new markets for Indian businesses, particularly micro, small and medium enterprises, farmers and fi...