New Delhi, Nov. 29 -- The Federation of Indian Export Organisations (FIEO) believes that the upcoming state visit of Russian President Vladimir Putin to India on 4-5 December, coinciding with the India-Russia Business Forum, is expected to provide a strategic platform to deepen trade and investment ties between the two nations.

Recent trade data shows that India's exports to Russia reached USD 1.84 billion, while imports stood at USD 26.45 billion during April-August 2025-26.

Bilateral merchandise trade hit a record USD 68.7 billion in FY 2024-25, with exports at USD 4.88 billion and imports, largely comprising crude oil, petroleum products, fertilisers, and other raw materials, at USD 63.84 billion.

Trade between India and Russia has ...